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Summary: Salt Lake County, Utah; Appropriations; General Obligation Dec 11 Product Image

Summary: Salt Lake County, Utah; Appropriations; General Obligation Dec 11

  • ID: 2034088
  • December 2011
  • Region: Utah
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' long-term rating to Salt Lake County, Utah's series 2012 general obligation (GO) bonds. In addition, Standard & Poor's affirmed its 'AAA' rating on the county's existing GO bonds and its 'AA+' rating and underlying rating (SPUR) on the county's existing appropriations bonds. The outlook is stable. The ratings reflect our view of the county's general creditworthiness, including its: Status as a major regional economic center, and a very diverse tax and employment base; Strong ending fund general fund balances; Strong financial management policies and practices; and Low debt levels. The county's full faith, credit, and unlimited ad valorem taxing authority secure these bonds. We understand that $11 million of bond proceeds will...

Companies mentioned in this report are:
- Salt Lake Cnty

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

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