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Beaufort County, South Carolina; General Obligation; Note Feb 09
Standard & Poors, Feb 2009
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: 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: Full Analysis
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