- Language: English
- 94 Pages
- Published: June 2013
- Region: United Kingdom
Summary: St. John, IN; Appropriation, General Obligation Equivalent Security May 05
- Published: May 2005
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'Apr' rating to the St. John Building Authority, Ind.'s first mortgage bonds, series 2005, supported by St. John, based on the town's: Access to the deep and diverse Chicago MSA; High wealth and income levels; Good financial position, despite delays in property tax receipts caused by the 2003 reassessment; and Management good long-term capital planning. The rating is carrying a "provisional" (pr) indication until the construction certificate is received, because payments are contingent on project completion. A limited, but growing, tax base, small budget, and slow rate of debt amortization temper these rating strengths. The bonds are secured by semiannual lease rental payments to be paid by St. John directly to the trustee...
Companies mentioned in this report are: Town of St. John,St. John Bldg Corp
Action: New Rating
Action: Outlook: Stable
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Town of St. John,St. John Bldg Corp