• SELECT SITE CURRENCY
Select a currency for use throughout the site
Summary: Superior, Wisconsin; General Obligation May 10
Standard & Poors, May 2010
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:
Action: New Rating
Action: Outlook: Stable
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.