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46 Midwestern Municipalities Are Upgraded On Revised Criteria, Strong Financial Performance Aug 09
Standard & Poors, Aug 2009
Abstract
Standard & Poor's Ratings Services has raised the ratings on 46 municipal obligors in Illinois, Indiana, Kentucky, Michigan, Missouri, Ohio, and Wisconsin. The upgrades follow our review of smaller or more remote communities. In all cases, the rating outlook is stable. Although size and location have weighed heavily on our ratings in the past, in our view, these credits can, and often do, exhibit many of the same economic and financial strengths as their larger counterparts. The key to a higher rating, in our opinion, is achieving a balance between location and economic opportunity that helps maintain financial stability (for more information, see the article 'Does Bigger Always Mean Better? Sizing Up The Impact of Size On Municipal Ratings,' published...
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.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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