- Language: English
- Published: October 2012
- Region: Venezuela
Summary: Kenosha, Wisconsin; General Obligation Jul 11
- Published: 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:
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 >