Hillview, Ky., Lowered To BBB+ by S&P

December 2004
Bond Buyer;12/16/2004, Vol. 350 Issue 32031, p2
Trade Publication
The article provides information that Standard & Poor's Corp. has lowered its underlying rating on Hillview, Kentucky's outstanding general obligation bonds one notch to BBB-plus from Aminus based on the city's exposure to operating stress due to the poor performance of its wastewater facility. Other factors supporting the rating include the city's access to the diverse Louisville metropolitan area's economic base, small operating budget and modest reserves, small property tax base that is experiencing steady growth, above-average income levels, and low debt burden. The rating action affects roughly $1.7 million of outstanding GO debt.


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