0 CHECKOUT

Summary: Poinciana Community Development District, Florida; Special Assessments Mar 12

  • ID: 2091271
  • March 2012
  • Region: Florida
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A-' long-term rating to Poinciana Community Development District, Fla.'s series 2012A-1 special assessment refunding bonds. The 'A-' rating reflects our opinion of: The bonds' structure, which we believe provides for additional liquidity for the series 2012A-1 bonds, which we estimate is sufficient to cover the loss of the 10 leading assessment payers through the bonds' maturity; The assessment area's good overall property value-to-lien ratio of 16 to 1, including overlapping debt; A history of maintenance of adequate annual debt service coverage by annual special assessments; A history of low assessment payment delinquency rates at an average of 1.5% annually over the past three years; and The district's board, which we understand is...

Companies mentioned in this report are: Poinciana Community Development District
Action: New Rating
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown

Poinciana Community Development District

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

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.