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Summary: Two Rivers, Wisconsin; General Obligation May 11 Product Image

Summary: Two Rivers, Wisconsin; General Obligation May 11

  • ID: 1807405
  • May 2011
  • Region: Wisconsin
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to Two Rivers, Wis.' series 2011 note anticipation notes (NANS). Standard & Poor's also affirmed its 'A+' long-term rating and underlying rating (SPUR) on the city's previously issued debt. The ratings reflect our view of the following credit characteristics: Moderately diverse local economy based on manufacturing and access to employment opportunities in the nearby city of Manitowoc, Adequate wealth and income levels, Strong liquidity as measured by days' cash on hand, and Good financial management policies and practices. The following rating factors offset the above strengths: Operational drawdowns in the past five fiscal years, A drop in the unreserved general fund balance to a negative level, and Moderately high...

Companies mentioned in this report are: Two Rivers
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 READ MORE >

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