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Summary: Utah Cnty; Tax Secured, General Obligation Nov 04 Product Image

Summary: Utah Cnty; Tax Secured, General Obligation Nov 04

  • Published: November 2004
  • Region: Utah
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'AA' rating on Utah County, Utah's $21.0 million in outstanding GO bonds, series 2001 and 2002, reflecting: Healthy tax base growth averaging 7.8% per year; A diverse economic base with good income levels and low unemployment; Strong financial performance highlighted by abundant fund balances; A moderate debt burden with a rapid amortization schedule; and A manageable capital improvement plan that will be primarily financed with available funds. The bonds are secured by unlimited authority to levy ad valorem property taxes. Located about 40 miles south of Salt Lake City and including the cities of Provo and Orem, Utah County encompasses about 2,000 square miles and is home to a moderately growing population of...

Companies mentioned in this report are: Utah Cnty
Action: Affirmed

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Utah Cnty

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