S&P Global Ratings assigned its 'A' long-term rating to Keokuk, Iowa's series 2020 general obligation (GO) refunding capital loan notes. The outlook is stable. The city's full faith and credit unlimited ad valorem tax GO pledge secures the series 2020 GO refunding capital loan notes. Bond proceeds will be used to refund outstanding portions of the series 2012 and 2013 notes for interest cost savings. Keokuk is located in southeastern Iowa on the Mississippi River. It is characterized by an employment base that is cyclical, given a relatively high level of area manufacturing jobs, and an unemployment rate that runs above the state average. The city and the county's population has been characterized by a steady declining trend. Officials are
