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...
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Action: New Rating
Action: Outlook: Stable
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