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Mexico, MO Series 2010A And 2010B Limited GO Neighborhood Improvement District Bond Rating Lowered To 'A+' Sep 11 Product Image

Mexico, MO Series 2010A And 2010B Limited GO Neighborhood Improvement District Bond Rating Lowered To 'A+' Sep 11

  • ID: 1927574
  • September 2011
  • Region: Mexico
  • Standard & Poors

Abstract
CHICAGO (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services has lowered its long-term rating on the City of Mexico, Mo.'s series 2010A and 2010B limited general obligation neighborhood improvement district bonds to 'A+' from 'AA-', reflecting further clarity on the security of the bonds. The outlook is stable. At the same time, Standard & Poor's assigned its 'AA-' issuer credit rating (ICR) to the city. The outlook is stable. Special assessments levied against real property within the city's Mid-America Brick Neighborhood Improvement District secure the bonds, and, to the extent that special assessments are insufficient, all legally available funds and current revenues are also pledged to secure payment on the bonds. The city may not impose any new...

Companies mentioned in this report are:
- Mexico

Action: Downgraded
Action: New Rating
Action: Outlook: Stable

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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