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Summary: Kenosha, WI; Tax Secured, General Obligation Feb 04

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Abstract
The 'AA' rating on Kenosha, Wis.' GO promissory notes and GO refunding bonds reflects the city's: Participation in both the Milwaukee, Wis. and Chicago, Ill. MSAs' local economies; Steady tax base growth; Sound financial performance with strong reserves; and Moderate debt burden. Offsetting factors are the city's slightly below-average income levels and high debt carrying charges, which make up about a fifth of the city's budget. 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% in the 1990s to 90,352 in 2000, and has a current population estimated at 92,078. Residents have a...

Companies mentioned in this report are: Kenosha
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.

Companies Mentioned

Kenosha

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Summary: Kenosha, WI; Tax Secured, General Obligation Feb 04

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Summary: Kenosha, WI; Tax Secured, General Obligation Feb 04

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