Summary: Superior, Wisconsin; General Obligation May 10

  • ID: 2048445
  • May 2010
  • Region: Wisconsin
  • Standard & Poors
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The 'AA' long-term rating assigned to Superior, Wis.' series 2010A general obligation (GO) promissory notes and the 'AA' ratings on the city's previously issued debt are supported by the following factors: A diverse tax base despite a large manufacturing and transportation presence and income levels Standard & Poor's Ratings Services' considers to be just adequate; Financial performance we consider to be very strong, with additional revenue flexibility due to additional oil terminal tax revenues; Overall financial management practices that we consider to be good; and A debt burden we consider to be moderate combined with rapid debt amortization. The city's unlimited-tax GO pledge secures payment on the series 2010A notes. The city will use the note proceeds to fund landfill...

Companies mentioned in this report are:
- Superior

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- - Superior

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