CUSIP 688120FX7

  • ISIN: US688120FX78
  • Entity Name: Village of Osceola
  • Sector: Municipal
  • Announcement Date: *****
  • Effective Date: *****
  • Issue Date: *****
  • Maturity Date: *****
  • Country of Issuer: *****
  • Region: N.Amer
  • Issue Currency: *****
  • CA Type: Rating Downgrade
  • News: The Village of Osceola, WI (Baa1 stable) continues to see financial challenges due to weak liquidity and enterprise risk that are compounded by its limited tax base and operations. Other credit pressures include high leverage from debt and below average resident income indices. Positively, the village benefits from its proximity to the Twin Cities metro area and is poised to see a slight improvement in reserves given receipt of one time revenues in fiscal 2018. On June 11, 2018, we downgraded the village`s general obligation unlimited tax (GOULT) rating to Baa1 from A3. We also downgraded the village`s lease revenue rating to Baa3 from Baa1. The outlook is stable.
  • Description: *****
  • Bond Document:
  • Latest Corporate Actions:

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