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Summary: Beaufort County, South Carolina; General Obligation; Note Feb 09 Product Image

Summary: Beaufort County, South Carolina; General Obligation; Note Feb 09

  • ID: 2032637
  • February 2009
  • Region: South Carolina
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services raised its rating on Beaufort County, S.C.'s series 2001 general obligation (GO) bonds to 'AA+' from 'AA'. The rating was raised to reflect the upgrade of the county's GO debt in January 2009. Standard & Poor's also assigned its 'AA+' long-term rating to Beaufort County's series 2009 GO bonds, and its 'SP-1+' short-term rating to the county's series 2009 GO bond anticipation notes (BANs). Standard & Poor's also affirmed its 'AA+' standard long-term rating and underlying rating (SPUR) on the county's parity debt. The 'AA+' rating is based on the county's: Stable underlying local economy supported by tourism and the military; Sizable tax base with extremely strong per capita market values; Good income levels; and...

Companies mentioned in this report are:
- Beaufort Cnty

Action: Affirmed
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

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