| Title: | Mesa, Arizona; General Obligation |
| Price: | $400.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services raised its rating and underlying rating (SPUR) to 'AA' from 'AA-' on Mesa, Ariz.'s outstanding GO debt. The raised rating is based on the city's economic expansion and strong management policies that should ensure continued strong reserve balance position. In addition, Standard&Poor's assigned its 'AA' rating to the city's $15.45 million GO bonds, series 2008. The rating reflects the following credit characteristics: Participation in the Phoenix-Mesa metropolitan area's strong and diverse economy; Average income and wealth levels that support the city's moderate debt burden; and A fiscal 2007 unreserved fund balance at 16.4% expenditures, a continued improvement due to management's cuts to address its structural imbalance. Offsetting these strengths is the city's continued |
| Brief Excerpt: | RESEARCH Ratings Definitions Mesa, Arizona; General Obligation Publication date: ##-May-#### Primary Credit Analyst: Lisa Schroeer, San Francisco (#) ###-###-####; lisa_schroeer@standardandpoors.com Secondary Credit Analyst: Paul... |
| Word Count: | 1364 |
| Issuer: | Mesa |
| Sector: | Global Issuers, Public Finance, Utilities |
| Country: | United States |
| Region: | United States |
| Format: | 
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