- Published: May 2012
- Region: Jordan, United States
Summary: South Jordan, Utah; Sales Tax Feb 12
- Published: February 2012
- Region: Jordan, Utah
- Standard & Poors
Standard & Poor's Ratings Services affirmed its 'AA' rating, with a stable outlook, on South Jordan, Utah's sales tax revenue bonds. Standard & Poor's also withdrew its rating on the city's series 2001 sales tax revenue bonds since the bonds were called for full redemption on Dec. 1, 2011. The rating reflects our opinion of the city's: Very strong annual and maximum annual debt service (MADS) coverage by sales tax revenue; Strong legal provisions, including a historical 2x MADS additional bonds test, and no additional debt plans; and Good access to the broader Salt Lake City metropolitan area, combined with, what we consider, above-average incomes. A first-lien pledge on the levy of a 1% tax on all taxable sales of...
Companies mentioned in this report are: South Jordan
Action: Outlook: Stable
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