CUSIP 688120FX7

• ISIN: US688120FX78
• Entity Name: Village of Osceola
• Sector: Municipal
• Announcement Date: 12-Jun-2018
• Effective Date: 11-Jun-2018
• Issue Date: *****
• Maturity Date: 01-Dec-2028
• Country of Issuer: United States
• Region: N.Amer
• Issue Currency: United States of America Dollars
• 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: Municipal Name: Village of Osceola CUSIP: 688120FX7 Currency: USD Village of Osceola announced today that the Moody`s Investors Service has downgraded the ratings of the Series 2013, General Obligation Refunding Bonds from A3 to Baa1 on June 11, 2018.
• Bond Document: https://www.bondpdf.com/
• Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US688120FX78