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Summary: Cascade Charter Township Building Authority, Michigan Cascade Charter Township; General Obligation Aug 12
Standard & Poors, August 2012
Standard & Poor's Ratings Services affirmed its 'AA+' long-term rating on Cascade Charter Township, Mich.'s general obligation (GO) bonds and affirmed its 'AA+' long term and underlying rating (SPUR) on Cascade Charter Township Building Authority, Mich.'s GO building authority bonds. The outlook on all ratings is stable. The rating of the township's credit quality reflects our opinion of its: Participation in the strong Kent County and Grand Rapids area economies; Very strong income and extremely strong wealth indicators; and Maintenance of very strong reserves, with good financial management practices. The township's moderate-to-high debt burden with elevated debt service carrying charges partially limits these strengths. The township's and building authority's bonds are secured by a limited-tax full faith and credit GO...
Companies mentioned in this report are: Cascade Charter Twp,Cascade Charter Twp Bldg Auth
Action: Outlook: Stable
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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.
Cascade Charter Twp,Cascade Charter Twp Bldg Auth