City of Kentwood, Michigan - GO ltd tax bonds ser 2003 - New Issue - 2003/09/19 - Fitch Research

Report title: City of Kentwood, Michigan - GO ltd tax bonds ser 2003

from Fitch Research
4 page (2901 word) report published Sep 19, 2003

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...The AA rating on the City of Kentwood s general obligation bonds is based on the city s steady economic growth and conservative financial management with limited use of debt financing. Although Kentwood is operating at its property tax millage rate limit of #.# mills, the city carries relatively large discretiona ry reserves and supplements its general operating levy with dedicated additional...

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