Summary: Hillsborough County Port District, Florida Tampa Port Authority; Ports/Port Authorities Dec 11
- Language: English
- Published: December 2011
- Region: Florida
Standard & Poor's Ratings Services assigned its 'SP-1+' short-term rating to Hillsborough City School District, Calif.'s general obligation (GO) bond anticipation notes (BANs) (election of 2002) series 2008. The rating is based on the demonstrated market access for bonds and notes. In addition, Standard & Poor's affirmed its 'AAA' rating and underlying rating (SPUR) on the district's outstanding GO bonds. The rating reflects: A Bay Area residential neighborhood with high wealth levels, including a per capita effective buying income that is 383% of the national level; "Basic Aid" status and parcel tax revenue, which insulates the district from state funding fluctuations; and An unreserved general fund balance ranging between 11% and 17% of expenditures for the past three years, as...
Companies mentioned in this report are: Hillsborough City Sch Dist
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 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 >