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Summary: Henry Cnty, IN; Appropriation, General Obligation Equivalent Security Apr 03
Standard & Poors, April 2003
The rating outlook on Henry County Government Center Building Corp. and Henry County Juvenile Center Building Corp., Ind.'s outstanding bonds has been revised to negative from stable, reflecting Henry County's deteriorating financial position and significant decrease in liquidity brought on by a structural imbalance. The 'A-' rating and 'A-' Standard & Poor's underlying rating (SPUR) have been affirmed. The provisional qualifier has been removed from the rating on the series 1999 bonds as the project is complete and the county has begun making lease payments. The rating reflects the following credit characteristics: Participation in the broader Indianapolis metropolitan area economy, Moderately low income levels as measured by effective buying income, and No additional debt plans. The bonds are secured by...
Companies mentioned in this report are: Henry Cnty,Henry Cnty Govt Ctr Bldg Corp
Action: Outlook Revised
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Henry Cnty,Henry Cnty Govt Ctr Bldg Corp