- Published: May 2012
- Region: United States
Summary: Kenosha, Wisconsin; General Obligation Nov 06
- Published: November 2006
- Region: Wisconsin
- Standard & Poors
The 'AA' rating on Kenosha, Wis.' series 2006 GO promissory notes reflects the city's: Participation in both the Milwaukee, Wis. and Chicago, Ill. MSAs' regional economies; Steady tax base growth; Average income levels; Sound financial performance with strong reserves; and Moderate debt burden. Payment of debt service on the series 2006 promissory notes is secured with the city's GO unlimited-tax pledge. Proceeds of the notes will fund improvements to the city's tax increment districts no.'s 4, 6, and 9 and finance general city improvements. Kenosha, located in southeastern Wisconsin on Lake Michigan about 55 miles north of Chicago and 35 miles south of Milwaukee, is the seat and service center for Kenosha County (rated 'AA'). The city's population grew 12%...
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. SHOW LESS READ MORE >