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Summary: Kenosha, Wisconsin; General Obligation Nov 11
Standard & Poors, November 2011
Standard & Poor's Ratings Services assigned its 'AA' long-term rating and stable outlook to Kenosha, Wis.' series 2011 general obligation (GO) refunding bonds, series 2012A taxable GO promissory notes, and series 2012A GO promissory notes. Standard & Poor's also affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's existing GO debt. The rating reflects our opinion of the city's: Local economy, anchored by several leading employers; Access to the Milwaukee and Chicago metropolitan areas; Economic indicators ranging from, what we consider, good-to-strong; Stable finances, having produced operating surpluses over the past two fiscal years; and Moderate debt. We believe what we consider the city's high unemployment, compared with state and national rates, and...
Companies mentioned in this report are: Kenosha
Action: New Rating
Action: Outlook: Stable
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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.