Summary: Monona, Wisconsin; General Obligation Aug 10

Standard & Poors, August 2010

Abstract
Standard & Poor's Ratings Services affirmed its 'AA' long-term rating on Monona, Wis.'s 2010 taxable general obligation (GO) promissory notes. The outlook is stable. In our view, the rating reflects the city's: Participation in the Madison economic base; Good income and extremely strong wealth indicators; and Very strong fund balance levels. The city's high overall debt burden is a limiting factor. Monona's GO pledge secures the notes, the proceeds of which will refund the city's 2007 notes for interest cost savings. Final maturity on the notes is Oct. 1, 2015. The city of Monona is located in eastern Dane County, about eight miles east of Madison, the state capital and home to the University of Wisconsin's flagship campus. Monona's population...

Companies mentioned in this report are:
- Monona

Action: Affirmed
Action: Outlook: Stable

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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.

Monona

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