Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs - S&P Global Ratings’ Credit Research

Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs

Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs - S&P Global Ratings’ Credit Research
Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs
Published Jan 11, 2005
Published Jan 11, 2005
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services assigned its 'AA' rating to Portage, Mich.'s GO limited-tax, capital improvement bonds, series 2005, and GO limited-tax, special assessment bonds, series 2005. At the same time, Standard&Poor's affirmed its 'AA' rating and 'AA' underlying rating (SPUR) on the city's outstanding GO bonds. The 'AA' rating reflects the city's: Participation in the Kalamazoo-Battle Creek MSA; Above-average wealth and income levels, combined with below-average unemployment levels; Sound financial reserve levels; and Moderate debt levels. Considerable tax-base concentration offsets the above strengths. The bonds are secured by the city's limited-tax GO pledge. Portage (population: 45,600) encompasses 34.5 square miles, and is located seven miles south of the City of Kalamazoo, in Kalamazoo County. Portage has a

  
Report Type:

Summary

Issuer
Portage
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs" Jan 11, 2005. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Portage-MI-Appropriation-General-Obligation-Equivalent-Security-Tax-Secured-General-Obligation-Tax-Secured-Non-School-State-Programs-417701>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs Jan 11, 2005. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Portage-MI-Appropriation-General-Obligation-Equivalent-Security-Tax-Secured-General-Obligation-Tax-Secured-Non-School-State-Programs-417701>
  
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