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Macomb County Building Authority, Michigan Macomb County; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs Nov 05
Standard & Poors, November 2005
The 'AAA' rating on Macomb County Building Authority, Mich.'s limited-tax GO bonds series 2005 and limited-tax GO refunding bonds, both issued for Macomb County, reflects the county's: Deep economic base and participation in the Detroit MSA; Continued strong economic growth, along with diversification of its employment base; Strong management performance; Strong financial performance, resulting in high reserve levels; and Moderate debt burden, supported by diverse non-ad valorem revenues. The bonds are secured by the county's full faith and credit pledge. Proceeds of the refunding bonds will be used to refund series 2000 limited-tax GO building authority bonds. Proceeds of the building authority bonds will be used to construct a district court facility and for a radio tower project. Macomb County...
Companies mentioned in this report are: Macomb Cnty,Macomb Cnty Bldg Auth
Action: New Rating
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Research Type: Full Analysis
Macomb Cnty,Macomb Cnty Bldg Auth