The 'AA-' rating on Sioux City, Iowa's series 2006 GO bonds reflects the following credit factors: The city's position as a regional economic and employment center, A stable population and tax base, Balanced financial operations, and A moderate debt burden. Tempering these strengths are below-average income levels and high debt service carrying charges. Additionally, the 'AA-' standard long-term rating and Standard&Poor's underlying rating (SPUR) on the city's outstanding debt have been affirmed. Sioux City is a regional trade, service, and health care center for west-central Iowa and portions of South Dakota and Nebraska. Redevelopment is occurring in both the commercial and retail sectors. The city is host to meat and beverage manufacturers and the relatively stable demand for
