West Des Moines, Iowa's $6 million GO bonds series 2004A have been rated 'AA+'. The 'AA+' standard long-term rating and Standard&Poor's underlying rating (SPUR) on the city's outstanding GO debt have been affirmed. The outlook is stable. The rating reflects the city's: Full participation in the Des Moines MSA economy; High wealth and income levels; and Strong financial position, which is bolstered by a targeted fund balance policy. A high debt burden and debt service carrying charges offset the above strengths. West Des Moines is immediately adjacent to Des Moines ('AA+') and is located primarily in Polk County ('AA+' GO rating). Due to its proximity to Des Moines, the city has experienced considerable population and development growth, which
