- Language: English
- Published: September 2011
- Region: Wisconsin
Summary: Cudahy, Wisconsin; General Obligation Aug 10
- Published: August 2010
- Region: Wisconsin
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating, and stable outlook, to Cudahy, Wis.' series 2010 general obligation (GO) refunding bonds and affirmed its 'AA-' ratings on the city's previously rated GO debt. The rating reflects Standard & Poor's opinion of the city's: Access to the diverse Milwaukee area economic base; Adequate income and strong wealth levels; Management characterized as "good" under our Financial Management Assessment; and Sound financial operations. The city's moderately high debt levels temper these strengths. The city's obligation to levy unlimited ad-valorem property taxes to pay debt service secures the bonds. The city will use proceeds to refund its outstanding 2001 bonds. Cudahy (estimated 2009 population: 18,660) is located eight miles south of downtown...
Companies mentioned in this report are:
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >