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Criteria I Governments I U.S. Public Finance: U.S. Local Governments General Obligation Ratings:Methodology <br /> And Assumptions <br /> contributions,with a negative adjustment of one point.A negative adjustment of one point also exists for the <br /> uncertainty associated with governments facing increased volatility in revenues with a more-than 10%year-to-year <br /> decline, such as those highly dependent on oil and gas-related revenues or sales taxes on luxury goods or subject to <br /> event-related risk. The criteria include financial reporting restatements that are not material enough to warrant a <br /> management score(see paragraph 50) of'4'but inject a degree of uncertainty to the performance score,as a one-point <br /> negative adjustment. Event-related risk can also include sudden and material negative financial performance from <br /> enterprises owned by the entity. <br /> H. Liquidity Score <br /> 69. The liquidity score measures the availability of cash and cash equivalents to service both debt and other expenditures. <br /> Table 12 details the calculation of the initial score, as well as the manner in which other factors affect the liquidity <br /> score. The measure uses data from the most recently reported year. <br /> WWW.STANDARDANDPOORS.COM/RATINGSDIRECT SEPTEMBER 12,2013 25 <br /> 1190266 1300881696 <br />