Moody's Confirms Genesee County, MI's A2; Outlook Stable
New York, February 10, 2017-- Summary Rating Rationale. Moody's Investor's Service has confirmed Genesee County A2 General Obligation Limited Tax rating and affirmed the A2 rating on Karegnondi Water Authority's $443 million of debt that is supported by the county's GOLT pledge.At the same time, we have assigned a stable outlook. The A2 GOLT rating reflects the county's large tax base and weak demographics; solid financial operations with limited general fund liquidity; and...
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