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Summary: Kenosha, Wisconsin; General Obligation Jul 11

  • ID: 2082962
  • July 2011
  • Region: Wisconsin
  • Standard & Poors

Standard & Poor's Ratings Services affirmed its 'AA' long-term rating and revised the outlook to stable from negative on the rating on Kenosha, Wis.' existing general obligation (GO) debt, based on the city's stabilized financial position. At the same time, Standard & Poor's assigned its 'AA' rating and stable outlook to the city's series 2011 GO promissory notes. The rating reflects our opinion of the city's; Economy anchored by several large employers, Access to both the Milwaukee and Chicago metropolitan areas, Economic indicators ranging from good to strong, and Moderate debt burden. In our view, the city's high unemployment, compared with state and national averages, and increasingly large unfunded other postemployment benefits (OPEB) liability partially constrain the rating. The city's...

Companies mentioned in this report are:
- Kenosha

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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