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Summary: Charleston County Park & Recreation District, South Carolina; General Obligation Feb 13 Product Image

Summary: Charleston County Park & Recreation District, South Carolina; General Obligation Feb 13

  • ID: 2417154
  • February 2013
  • Region: South Carolina
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' rating and stable outlook to Charleston County Park & Recreation District, S.C.'s series 2013 general obligation (GO) bonds and affirmed its 'AA+' rating, with a stable outlook, on the district's existing GO debt. The rating reflects our opinion of the district's: Growing and diversified local economy that is the economic driver for an entire region, highlighted by significant port, medical, tourist, and military elements; Sizable and diverse property tax base that continues to experience steady and consistent growth; Historically strong financial performance, bolstered by historically strong reserves; and Low overall net debt with rapid amortization. We believe the district's historically elevated debt service carrying charge continues to somewhat mitigate these strengths. The...

Companies mentioned in this report are:
- Charleston Cnty Pk & Recre Dist

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

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- Charleston Cnty Pk & Recre Dist

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