Summary: West Des Moines, Iowa; General Obligation - S&P Global Ratings’ Credit Research

Summary: West Des Moines, Iowa; General Obligation

Summary: West Des Moines, Iowa; General Obligation - S&P Global Ratings’ Credit Research
Summary: West Des Moines, Iowa; General Obligation
Published Aug 10, 2021
8 pages (3100 words) — Published Aug 10, 2021
Price US$ 225.00  |  Buy this Report Now

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Abstract:

S&P Global Ratings assigned its 'AAA' long-term rating to West Des Moines, Iowa's anticipated $20.395 million series 2021B general obligation (GO) urban renewal bonds and $3.19 million series 2021C GO urban renewal bonds. At the same time, we affirmed our 'AAA' ratings on the city's existing GO debt. The outlook is stable. The city's GO pledge and an agreement to levy ad valorem property taxes without limit as to rate or amount secure the bonds. Series 2021B bond proceeds will be used for urban renewal projects in the Grand Prairie Parkway Urban Renewal Area. Series 2021C bond proceeds will be used for urban renewal projects in the Mills Parkway Urban Renewal Area. West Des Moines is a very strong and

  
Brief Excerpt:

...S&P Global Ratings assigned its '###' long-term rating to West Des Moines, Iowa's anticipated $20.395 million series 2021B general obligation (GO) urban renewal bonds and $3.19 million series 2021C GO urban renewal bonds. At the same time, we affirmed our '###' ratings on the city's existing GO debt. The outlook is stable. The city's GO pledge and an agreement to levy ad valorem property taxes without limit as to rate or amount secure the bonds. Series 2021B bond proceeds will be used for urban renewal projects in the Grand Prairie Parkway Urban Renewal Area. Series 2021C bond proceeds will be used for urban renewal projects in the Mills Parkway Urban Renewal Area....

  
Report Type:

Summary

Issuer
Sector
Global Issuers, Public Finance
Country
Region
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MLA:
S&P Global Ratings’ Credit Research. "Summary: West Des Moines, Iowa; General Obligation" Aug 10, 2021. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Des-Moines-Iowa-General-Obligation-2702737>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: West Des Moines, Iowa; General Obligation Aug 10, 2021. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Des-Moines-Iowa-General-Obligation-2702737>
  
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