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Summary: Superior, Wisconsin; General Obligation Sep 11
Standard & Poors, September 2011
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...
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Action: New Rating
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