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Debt and Contingent Liability- Elk River <br /> A STANDARD&POOR'S Hot Topics Credit Tools Infographics f Understanding Ratings <br /> RATINGS SERVICES <br /> S&P's U.S.Local Governments Ratings Criteria/ <br /> US LOCAL GOVERNMENTS Create Scenario Scenario Comparison <br /> Elk River Overrides <br /> Indicative Rating* •••-••-••-•••-••-•1 Illustrative Issuer <br /> 8 O <br /> Credit Rating Range' <br /> Request an S&P Rating <br /> Adjust the Score:(Debt&Contingent Liability + positive Impact — Negative Impact 0 <br /> Net Direct r + Overall net debt as a percentage of market value <br /> below 3%. <br /> Total Gov.Funds <br /> Debt Service <br /> of Total Gov.As <br /> Fu <br /> c8 <30 30 to 60 60 to 120 120 to 180 ?180 No 'j' Yes <br /> Expenditures <br /> <$ 1 �,��� <br /> + Overall rapid annual debt amortization,with <br /> more than 65%coming due in10 years. <br /> 8to15 _ <br /> i No Yes <br /> 15 to 25 3 <br /> 25 to 35 4 4 1 g I�J J Overall net debt as a percentage of market value <br /> y exceeding 10%. <br /> X35 4 5 J No " Yes <br /> SCORE AFTER ADJUSTMENT <br /> 'These are not Standard&Poor's Ratings Services credit ratings.Read our full di5claimcr <br /> Public Sector Advisors 18 Springsted <br />