Summary: Oak Grove, Missouri; Appropriations; General Obligation - S&P Global Ratings’ Credit Research

Summary: Oak Grove, Missouri; Appropriations; General Obligation

Summary: Oak Grove, Missouri; Appropriations; General Obligation - S&P Global Ratings’ Credit Research
Summary: Oak Grove, Missouri; Appropriations; General Obligation
Published Feb 13, 2025
6 pages (2237 words) — Published Feb 13, 2025
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

S&P Global Ratings raised its ratings on Oak Grove, Mo.'s outstanding general obligation (GO) bonds to 'AA-' from 'A+' and the city's certificates of participation (COPs) to 'A+' from 'A', and removed the rating from under criteria observation. The upgrade reflects the application of our "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. The outlook is stable. Oak Grove's GO debt is secured by an unlimited-tax GO pledge, while its COPs are secured by lease rental payments from legally available funds, subject to annual appropriation. The COPs are one notch below the GO rating to reflect risk of nonappropriation. The one-notch upgrade reflects the application of our new rating criteria. The 'AA-' rating is also supported by

  
Brief Excerpt:

...Institutional framework (IF) 2 Individual credit profile (ICP) 2.27 Economy 2.5 Financial performance 3 Reserves and liquidity 1 Management 2.35 Debt and liabilities 2.50...

  
Report Type:

Summary

Issuer
Oak Grove
Sector
Public Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Oak Grove, Missouri; Appropriations; General Obligation" Feb 13, 2025. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Grove-Missouri-Appropriations-General-Obligation-3323378>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Oak Grove, Missouri; Appropriations; General Obligation Feb 13, 2025. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Oak-Grove-Missouri-Appropriations-General-Obligation-3323378>
  
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