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

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

Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs; Tax Secured, Tax Increment - S&P Global Ratings’ Credit Research
Summary: Portage, MI; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation; Tax Secured, Non-School State Programs; Tax Secured, Tax Increment
Published Dec 01, 2005
Published Dec 01, 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 series 2005 bonds, and affirmed its 'AA' rating and 'AA' underlying rating (SPUR) on the city's 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-mentioned strengths. The bonds are secured by the city's limited-tax GO pledge. Portage (population: 45,210) encompasses 34.5 square miles, and is located seven miles south of the City of Kalamazoo, in Kalamazoo County. Portage has a diversified economy characterized by a good mix of manufacturing, wholesale and retail trade, and service activity. Per capita retail

  
Report Type:

Summary

Issuer
Portage
Sector
Public Finance
Country
United States
Region
United States
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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; Tax Secured, Tax Increment" Dec 01, 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-Tax-Secured-Tax-Increment-478905>
  
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; Tax Secured, Tax Increment Dec 01, 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-Tax-Secured-Tax-Increment-478905>
  
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