Summary: Evansville-Vanderburgh County Building Authority, Indiana Vanderburgh County; Appropriations Jul 06

Standard & Poors, July 2006

Abstract
The 'AA-' Standard & Poor's underlying rating (SPUR) on Evansville-Vanderburgh County Building Authority, Ind.'s series 2003 lease rental revenue bonds, supported by Vanderburgh County, reflects the county's: Role as a regional economic center, Stable financial position, and Low debt burden with minimal capital needs. The county's limited number of formal management policies offsets these strengths. Debt service on the bonds is secured with lease rental payments made by the county to the authority. Lease rental payments are mandatory and constitute an unlimited ad valorem tax pledge of the county. Lease rental payments for the jail facility have started, and the original provisional rating has been removed. Although all taxable property in the county is subject to ad valorem taxation to...

Companies mentioned in this report are: Vanderburgh Cnty,Evansville-Vanderburgh Cnty Bldg Auth
Action: Affirmed
Action: Outlook: Stable

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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.

Vanderburgh Cnty,Evansville-Vanderburgh Cnty Bldg Auth

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