Polk County, IA $166.8 Million GO Bond Ratings Assigned 'AAA' Rating

ENGLEWOOD (S&P Global Ratings) April 17, 2024--S&P Global Ratings assigned its 'AAA' long-term rating to Polk County, Iowa's anticipated $120 million series 2024A general obligation (GO) capital loan notes and $53.2 million series 2024B GO bonds. At the same time, S&P Global Ratings affirmed its 'AAA' long-term rating on the county's GO debt outstanding. The outlook is stable. "The rating reflects our view of the county's broad and diverse economic base, a long run of budgetary outperformance as evidenced by 11 consecutive operating surpluses through fiscal 2023," said S&P Global Ratings credit analyst Andrew Bredeson. "The rating further reflects our view of the county's strong financial management policies and practices that we believe mitigate the risk of material financial deterioration,

...April 17, 2024 ENGLEWOOD (S&P Global Ratings) April 17, 2024--S&P Global Ratings assigned its '###' long-term rating to Polk County, Iowa's anticipated $120 million series 2024A general obligation (GO) capital loan notes and $53.2 million series 2024B GO bonds. At the same time, S&P Global Ratings affirmed its '###' long-term rating on the county's GO debt outstanding. The outlook is stable. "The rating reflects our view of the county's broad and diverse economic base, a long run of budgetary outperformance as evidenced by 11 consecutive operating surpluses through fiscal 2023," said S&P Global Ratings credit analyst Andrew Bredeson. "The rating further reflects our view of the county's strong financial management policies and practices that we believe mitigate the risk of material financial deterioration, despite lingering inflationary cost pressures and a rising debt burden," Mr. Bredeson added. The county will loan series 2024A note proceeds to the Des Moines Airport Authority to fund...

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