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Milwaukee, WI's 2011 Bonds Rated 'AA', 2011 Cash Flow Notes Rated 'SP-1+' May 11
Standard & Poors, May 2011
CHICAGO (Standard & Poor's) May 23, 2011--Standard & Poor's Ratings Services said it assigned its 'AA' long-term rating and stable outlook to Milwaukee, Wis.' series 2011 N3 general obligation (GO) promissory notes, series 2011 B4 GO corporate purpose bonds, and series 2011 T5 taxable GO corporate purpose bonds. The city's unlimited-tax GO pledge secures payment of debt service on the bonds. At the same time, Standard & Poor's affirmed its 'AA' rating, with a stable outlook, on the city's GO debt outstanding. Standard & Poor's also assigned its 'SP-1+' short-term rating to city's series 2011 R2 GO cash flow promissory notes, maturing Dec. 1, 2011. The city's GO pledge secures the notes, and the city will pay interest from its...
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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
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