State and local controls that issue...

State and local controls that issue new bonds or restore existing debt need to know what factors rating companies consider when analyzing tax-supported sin In general, a service analyzes a municipal issuer's willingness and ability to pay its fault

Financial performance is critical to this analysis, determining whether credit factors -- management's might (or weakness), debt practices and the area's economy -- are favorable or unfavorable. It is also critical because a municipality must remain menstrum to provide constituent services and balance its store

Credit analysts examine the local economy, the size of an issuer's fiscal command its revenue-raising ability, its record of budget-balancing, use of one-shot incomes deficit occurrences, short-term borrowing patterns and except levels.

More important than year-end figures, however, is a municipality's station of financial control: what services it lacks to offer and the resources with which it can provide