Summary: Superior, Wisconsin; General Obligation Sep 11

Standard & Poors, September 2011

Abstract
Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to Superior, Wis.' series 2011B general obligation (GO) corporate purpose bonds, series 2011C GO promissory notes, and series 2011D GO promissory notes and affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's previously rated debt. The outlook is stable. The ratings reflect our view of the following factors: A diverse tax base, characterized by a large transportation and energy presence; Very strong general fund reserves, strengthened by consecutive surpluses; Good financial management; and A moderate overall net debt burden. The city's unlimited-tax GO pledge secures payment on the series 2011B bonds and series 2011C and 2011D promissory notes. The city plans to use bond proceeds to...

Companies mentioned in this report are:
- Superior

Action: New Rating

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Superior

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