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 May 26, 2010
1746 words — Published May 26, 2010
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Abstract:

The 'AAA' long-term rating assigned to West Des Moines, Iowa's series 2010C general obligation (GO) bonds and the 'AAA' long-term rating and Standard&Poor's underlying (SPUR) on the city's outstanding debt are based on the following credit factors: Status as an employment and residential center for the entire Des Moines metropolitan area, Access to the large and diverse Des Moines area economy, Economic indicators that compare favorably with state and national averages, and A historically strong financial position with conservative management. The city will use the proceeds of the bonds for general capital projects. Payment of debt service is backed by the city's unlimited-tax general obligation pledge. West Des Moines is located adjacent to Des Moines, Iowa (AAA/Stable GO

  
Brief Excerpt:

RESEARCH Summary: West Des Moines, Iowa; General Obligation Publication date: 26-May-2010 Primary Credit Analyst: Scott D Garrigan, Chicago (1) 312-233-7014; scott_garrigan@standardandpoors.com Secondary Credit Analyst: Blake Yocom,...

  
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" May 26, 2010. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-West-Des-Moines-Iowa-General-Obligation-800925>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: West Des Moines, Iowa; General Obligation May 26, 2010. 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-800925>
  
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