Summary: Marquette, Michigan; General Obligation; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research

Summary: Marquette, Michigan; General Obligation; General Obligation Equivalent Security

Summary: Marquette, Michigan; General Obligation; General Obligation Equivalent Security - S&P Global Ratings’ Credit Research
Summary: Marquette, Michigan; General Obligation; General Obligation Equivalent Security
Published Oct 10, 2019
Published Oct 10, 2019
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AA' long-term rating to the city of Marquette, Mich.'s $5.09 million series 2019 limited-tax general obligation (GO) capital improvement bonds. S&P Global Ratings also affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook on all ratings is stable. Management's proactive strategy in anticipating the closing of the We Energies power plant, which was the city's largest taxpayer, resulted in the city being well position financially and possesses the flexibility to sustain itself over the coming years. With the looming closing of the facility, management took a number of steps, including, increasing utility rates and adding to reserves. In our view, the city's budget flexibility and liquidity are

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Marquette, Michigan; General Obligation; General Obligation Equivalent Security" Oct 10, 2019. Alacra Store. Jan 27, 2022. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Marquette-Michigan-General-Obligation-General-Obligation-Equivalent-Security-2316696>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Marquette, Michigan; General Obligation; General Obligation Equivalent Security Oct 10, 2019. New York, NY: Alacra Store. Retrieved Jan 27, 2022 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Marquette-Michigan-General-Obligation-General-Obligation-Equivalent-Security-2316696>
  
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