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Des Moines, IA General Obligation Debt Rating Raised To 'AAA'; Outlook Stable Jun 08 Product Image

Des Moines, IA General Obligation Debt Rating Raised To 'AAA'; Outlook Stable Jun 08

  • Published: June 2008
  • Standard & Poors

FEATURED COMPANIES

Abstract
CHICAGO (Standard & Poor's) June 2, 2008--Standard & Poor's Ratings Services has raised its standard long-term rating and Standard & Poor's underlying rating (SPUR) on Des Moines, Iowa's general obligation (GO) debt to 'AAA' from 'AA+', reflecting the city's continued growth and development and continued strong financial operations. The outlook is stable. At the same time, the rating service assigned its 'AAA' standard long-term rating to the city's $30.38 million series 2008D and 2008E GO bonds and GO urban renewal bonds. The rating also reflects the city's status as the center of a growing economy and diverse employment base; revenue raising flexibility; proactive management and sound policies; and moderate debt burden that should remain stable due to an articulated debt...

Companies mentioned in this report are: Des Moines
Action: New Rating
Action: Outlook: Stable
Action: Upgraded

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine READ MORE >

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