- Published: May 2012
Des Moines, IA General Obligation Debt Rating Raised To 'AAA'; Outlook Stable Jun 08
- Published: June 2008
- Standard & Poors
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
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 the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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