Summary: Sioux City, Iowa; General Obligation - S&P Global Ratings’ Credit Research

Summary: Sioux City, Iowa; General Obligation

Summary: Sioux City, Iowa; General Obligation - S&P Global Ratings’ Credit Research
Summary: Sioux City, Iowa; General Obligation
Published Apr 14, 2011
1728 words — Published Apr 14, 2011
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Abstract:

Standard&Poor's Ratings Services assigned its 'AA' long-term rating to Sioux City, Iowa's series 2011A general obligation (GO) bonds. At the same time, Standard&Poor's affirmed its 'AA' long-term rating and underlying rating (SPUR) on the city's parity general obligation (GO) bonds. The outlook on all bond ratings is stable. The rating reflects our view of the city's: Position as a regional economic and employment center; Adequate wealth and income indicators; Very strong financial position; and Low to moderate overall debt burden with rapid principal amortization. The bonds are secured by revenue from the city's GO pledge. We understand officials will use proceeds from the series 2011A bonds to fund various capital improvements. Sioux City is a regional

  
Brief Excerpt:

RESEARCH Summary: Sioux City, Iowa; General Obligation Publication date: 14-Apr-2011 Primary Credit Analyst: Helen Samuelson, Chicago (1) 312-233-7011; helen_samuelson@standardandpoors.com Secondary Contact: Blake Yocom, Chicago (1)...

  
Report Type:

Summary

Issuer
Sioux City
Sector
Global Issuers, Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Sioux City, Iowa; General Obligation" Apr 14, 2011. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sioux-City-Iowa-General-Obligation-860849>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Sioux City, Iowa; General Obligation Apr 14, 2011. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Sioux-City-Iowa-General-Obligation-860849>
  
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