Summary: Hancock County, Ohio; General Obligation Feb 13
- ID: 2417046
- February 2013
- Region: Ohio
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Hancock County, Ohio's series 2013 general obligation (GO) limited-tax various purpose improvement refunding bonds. At the same time we affirmed our 'AA-' long-term rating and SPUR on the county's previously issued GO debt. The outlook is stable. The rating reflects our opinion of the county's: Diverse employment base that provides support to a wide geographic area, Good income levels and strong wealth as measured by market value per capita, Very strong financial reserves coupled with taxing flexibility, and Low overall debt burden. Partly offsetting these factors, in our view, are the county's standard management practices. The bonds are secured by the county's limited-tax GO pledge. Proceeds from the series...
Companies mentioned in this report are:
- Hancock Cnty
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 >