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
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.
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. SHOW LESS READ MORE >