CUSIP 094599CE5
- ISIN: US094599CE51
- Entity Name: City of Bloomington
- Sector: Municipal
- Announcement Date: 03-Dec-2018
- Effective Date: *****
- Issue Date: *****
- Maturity Date: 15-Aug-2029
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Rating Upgrade
- News: S&P Global Ratings raised its long-term rating to `AA` from `AA-` on Bloomington, Ind.`s existing debt. At the same time, S&P Global Ratings assigned its `AA` rating to the city`s series 2018A, B, and C park district bonds. The outlook on all the rating is stable. The rating action reflects our opinion of the city`s financial strength given its demonstration and maintenance of achieving consecutively positive operations, strengthening its cash reserves that continue to support its very strong budgetary flexibility and strong budgetary performance. It also reflects our view that Bloomington will maintain this, given the city`s track record and budgetary practices. In addition, we believe the rating is also supported by the stability and strength of the local economy as it continues to benefit from a stabilizing institutional influence. Given its economic strength, growing tax base, and fiscal stability, we believe the city will be able to continue managing its debt burden. The series 2018 bonds are obligations of the Bloomington Park District, a special taxing district whose tax base is coterminous with that of the city. Bloomington plans to use the bond proceeds to finance renovation and improvements to its park district. For Bond Document please visit www.BondPDF.com
- Description: Municipal Name: City of Bloomington CUSIP: 094599CE5 Currency: USD City of Bloomington announced today that the Standard & Poor s Ratings has upgraded the long-term ratings of the Series 2016A, General Obligation Bonds from AA- to AA.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US094599CE51
