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Summary: Superior, Wisconsin; General Obligation Jul 08
Standard & Poors, July 2008
The standard long-term rating and Standard & Poor's underlying rating (SPUR) on Superior, Wis.' general obligation (GO) bonds have been raised to 'AA-' from 'A', based on the city's continued financial strength, revenue flexibility primarily due to the existence of oil terminal tax revenues, overall good financial management practices that help to stabilize the city's financial profile, and maintenance of a reserve for its other postemployment benefits (OPEB) liability. Other strengths that have led to the upgrade are continued diversification in the general economic base and strength in the industrial sector despite the city's relatively high employment concentration within the manufacturing and transportation industries. The city's economic base continues to be supported by strength in the city's oil and transportation...
Companies mentioned in this report are:
Action: New Rating
Action: Outlook: Stable
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