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Summary: Utah County, Utah; Sales Tax Dec 11 Product Image

Summary: Utah County, Utah; Sales Tax Dec 11

  • ID: 2034991
  • December 2011
  • Region: Utah
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Utah County, Utah's series 2012 transportation sales tax revenue bonds. Standard & Poor's also affirmed its 'AA-' long-term rating and underlying rating (SPUR) on the county's series 2009A transportation sales tax revenue bonds and series 2009B taxable transportation sales tax revenue bonds (Build America Bonds, or BAB). The outlook on all ratings is stable. The ratings reflect our view of the county's: Large and diverse taxing area within the Salt Lake City region; Long-term population and employment growth, the latter of which we believe will continue in some form for the foreseeable future; and Good 1.51x maximum annual debt service (MADS) coverage, inclusive of a U.S. government subsidy for...

Companies mentioned in this report are: Utah Cnty
Action: New Rating
Action: Outlook: Stable

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