Research And Markets Research And Markets

Lawton, Oklahoma; Tax Secured, General Obligation Sep 05

  • ID: 2041538
  • September 2005
  • Region: Oklahoma
  • Standard & Poors
1 of 3

Standard & Poor's Ratings Services assigned its 'A+' rating, and stable outlook, to Lawton, Okla.'s series 2005 GO bonds and series 2005 limited-tax GO bonds. The rating reflects the city's: Stable regional trade- and service-based economy, which is anchored by Fort Sill Military Base; Steady sales tax growth; and Average overall debt levels, coupled with rapid debt amortization. These factors are offset, in part, by the city's: Two consecutive years of projected general fund drawdowns in fiscals 2005 and 2006; Below-average wealth and income levels; and Dependence on sales tax revenue, which is more exposed to economic downturns. The city's full faith and credit pledge secures the GO bonds. A city ad valorem tax not to exceed five mills secures...

Companies mentioned in this report are:
- Lawton

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

Note: Product cover images may vary from those shown
2 of 3


Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown