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Summary: Yelm, Washington; General Obligation Feb 12 Product Image

Summary: Yelm, Washington; General Obligation Feb 12

  • Published: February 2012
  • Standard & Poors

FEATURED COMPANIES

Abstract
Standard & Poor's Ratings Services assigned its 'A' long-term rating to Yelm, Wash.'s series 2012 limited tax general obligation bonds (LTGOs). At the same time, Standard & Poor's affirmed its 'A' long-term and underlying rating (SPUR) on the city's existing general obligation (GO) bonds. The outlook on all ratings is stable. The ratings reflect our view of the city's: Very strong wealth in terms of market value per capita; Very strong finances, with recent operational surpluses improving them further; and Good financial policies and practices. The above strengths are partly offset by our view the city's: Concentrated size and location, although the economic concentration in government and healthcare are generally stable areas; Several years of operational imbalances prior to fiscal...

Companies mentioned in this report are: Yelm
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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Yelm

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