Standard & Poor's Ratings Services has assigned its 'AA' long-term rating to the Village of Pleasant Prairie, Wis.' series 2012 general obligation (GO) refunding bonds and affirmed its 'AA' long-term rating and underlying rating (SPUR) on the village's existing GO debt. The outlook is stable. The ratings reflect our assessment of the village's: Participation in the Chicago, Ill. and Milwaukee, Wis. deep and diverse regional economies; Very strong income levels and extremely strong market value per capita; and Very strong reserves. In our view, the village's high debt burden on a per capita basis and high debt service carrying charges partially offset the above strengths. The village's GO pledge secures the bonds. Management plans to use bond proceeds to current...
Companies mentioned in this report are:
- Pleasant Prairie Vill
Action: New Rating
Action: Outlook: Stable
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