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Beaufort County, S.C.'s GO Bonds Rated 'A+' Jul 00
Standard & Poors, July 2000
Abstract NEW YORK (Standard & Poor's CreditWire) July 24, 2000-- Standard & Poor's today assigned its single-'A'-plus rating to Beaufort County, S.C.'s $2.35 million GO bonds series 2000 due Feb. 1, 2001-2011. The bonds are scheduled to sell July 25, 2000. The outlook is stable. In addition, Standard & Poor's affirmed its single-'A'-plus rating on the county's $6.63 million GO bonds. The rating reflects the county's full faith and credit pledge. Credit factors include: -- An expanding local economy based on tourism and a stable military presence, -- Satisfactory financial performance, and -- A moderate debt burden. Beaufort County is located at the southern end of the South Carolina coast. The economy is driven by the development of upscale residential properties...
Companies mentioned in this report are: Beaufort Cnty Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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