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Summary: Oak Grove, Missouri; General Obligation May 11 Product Image

Summary: Oak Grove, Missouri; General Obligation May 11

  • Published: May 2011
  • Region: Missouri
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A-' long-term rating to Oak Grove, Mo.'s series 2011 general obligation (GO) bonds and affirmed its 'A-' underlying rating (SPUR) on the city's series 2009 GO bonds. The outlook on all the ratings is stable. The 'A-' ratings reflect our view of the city's: Stable tax base that is supported by the city's proximity to the diverse Kansas City metropolitan area economy; Good income yet adequate wealth levels; and Debt burden ranging from moderate to moderately high. While we consider general fund reserves to be good when measured as a percent of expenditures, the low nominal value of the fund balance, combined with potential financial pressure due to stagnant retail sales and...

Companies mentioned in this report are: Oak Grove
Action: Affirmed
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 READ MORE >

Oak Grove

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