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Summary: Oakland-Macomb Interceptor Drain Drainage District, Michigan Macomb County; General Obligation; General Obligation Equivalent Security; Non-School State Programs Apr 10

  • ID: 2085247
  • April 2010
  • Region: Michigan
  • Standard & Poors
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FEATURED COMPANIES

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

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to Oakland-Macomb Interceptor Drain Drainage District, Mich.'s series 2010B bonds, which are secured by both Macomb County's and Oakland County's limited-tax, full faith and credit general obligation (GO) pledges. We also have affirmed our 'AAA' long-term rating on Macomb County's limited-tax GO bonds. We recently affirmed our 'AAA' long-term rating on Oakland County's GO bonds. In our opinion, the rating reflects Macomb County's: Deep economic base and participation in the Detroit metropolitan statistical area (MSA), though challenged by the current economic downturn and job losses; Maintenance of strong general fund reserve levels, despite challenges posed by this current revenue climate; Good management practices; Additional liquidity found in the delinquent...

Companies mentioned in this report are:
- Macomb Cnty
- 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
- Oakland-Macomb Interceptor Dr Drainage Dist

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Macomb Cnty
- 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
- Oakland-Macomb Interceptor Dr Drainage Dist

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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