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Summary: Superior, Wisconsin; General Obligation May 10

  • ID: 2048445
  • May 2010
  • Region: Wisconsin
  • Standard & Poors
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Abstract
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

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 READ MORE >

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- - Superior

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