Summary: Vernon County, Wisconsin; General Obligation - S&P Global Ratings’ Credit Research

Summary: Vernon County, Wisconsin; General Obligation

Summary: Vernon County, Wisconsin; General Obligation - S&P Global Ratings’ Credit Research
Summary: Vernon County, Wisconsin; General Obligation
Published Aug 06, 2013
1745 words — Published Aug 06, 2013
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Abstract:

Standard&Poor's Ratings Services assigned its 'A+' rating to Vernon County, Wis.' series 2013A general obligation (GO) refunding bonds. The outlook is stable. The rating reflects our assessment of the county's own creditworthiness, including its: Agriculture- and service-based local economy, Very strong level of reserves, and Moderate overall debt burden and rapid amortization. We consider the county's adequate, but below-average, income indicators as offsetting credit considerations. The county's full-faith-and-credit pledge secures the bonds. Officials intend to use bond proceeds to refund the county's existing series 2005A GO refunding bonds for interest cost savings purposes. Vernon County (estimated population 29,865) encompasses 850 square miles and is located in west-central Wisconsin. The county seat, Viroqua, is located about 40 miles south

  
Brief Excerpt:

RESEARCH Summary: Vernon County, Wisconsin; General Obligation Publication date: 06-Aug-2013 Primary Credit Analyst: Kathryn A Clayton, Chicago (1) 312-233-7023; kathryn.clayton@standardandpoors.com Secondary Contact: Carol A Hendrickson,...

  
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Summary

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Vernon County, Wisconsin; General Obligation" Aug 06, 2013. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vernon-County-Wisconsin-General-Obligation-1174413>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Vernon County, Wisconsin; General Obligation Aug 06, 2013. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Vernon-County-Wisconsin-General-Obligation-1174413>
  
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