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Macomb County, Michigan; General Obligation; General Obligation Equivalent Security; Non-School State Programs May 08

  • ID: 2084707
  • May 2008
  • Region: Michigan
  • Standard & Poors

FEATURED COMPANIES

  • Hawken Dr Drainage Dist
  • Hayes Dr Drainage Dist
  • Macomb Cnty
  • Macomb Cnty Bldg Auth
  • MORE

Abstract
The 'AAA' rating on Macomb County, Mich.'s series 2008 transportation fund refunding bonds (backed by the county's limited-tax GO pledge) reflects the county's: Deep economic base and participation in the Detroit metropolitan area; Diversifying employment base; Strong general fund reserve levels, further strengthened by additional liquidity found in the delinquent tax revolving fund and taxing flexibility; and Moderate debt burden. Proceeds of the series 2008 bonds will refund previously issued bonds for interest cost savings. State-collected motor fuel taxes secure the bonds, but the county's limited-tax full faith and credit GO pledge provides additional security. Macomb County (estimated population: 831,000) is on the northern edge of Detroit, providing residents easy access to significant job opportunities throughout the metropolitan area. The...

Companies mentioned in this report are:
- Macomb Cnty
- Macomb Cnty Bldg Auth
- Plumbrook Br Replacement Dr Drainage Dist
- Hayes Dr Drainage Dist
- Hawken Dr Drainage Dist
- Lake St. Clair Clean Wtr Initiative
- Seventeen Mile Extension Dr Drainage Dist
- North Gratiot Interceptor Dr Drainage READ MORE >

Note: Product cover images may vary from those shown

- Macomb Cnty
- Macomb Cnty Bldg Auth
- Plumbrook Br Replacement Dr Drainage Dist
- Hayes Dr Drainage Dist
- Hawken Dr Drainage Dist
- Lake St. Clair Clean Wtr Initiative
- Seventeen Mile Extension Dr Drainage Dist
- North Gratiot Interceptor Dr Drainage Dist

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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