Summary: Pleasant Prairie Village, Wisconsin; General Obligation Jul 08

Standard & Poors, July 2008

Abstract
The 'AA-' rating on the village of Pleasant Prairie, Wis.' general obligation (GO) refunding bonds series 2008E reflects the village's: Participation in the Chicago, Ill. and Milwaukee, Wis. deep and diverse regional economies; Very strong wealth and income levels; Continued commercial and industrial growth from the village's tax-increment district; and Solid financial operations. A high per capita debt level and future capital needs related to the tax-increment district limit the credit strengths above. Securing payment of debt service on the series 2008E bonds is the village's unlimited-tax GO pledge. Bond proceeds will refund a portion of the village's series 1998A GO refunding bonds for interest cost savings. Pleasant Prairie Village is located on the Wisconsin-Illinois border, 50 miles north of...

Companies mentioned in this report are: Pleasant Prairie Vill
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Pleasant Prairie Vill

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