Jackson, MI GO Bond Ratings Raised To #A+# Due To Application Of Our Updated Criteria

Stocks and Financial Services Press Releases Thursday February 6, 2014 15:03
CHICAGO--6 Feb--Standard & Poor's

CHICAGO (Standard & Poor's) Feb 5, 2014--Standard & Poor's Ratings Services raised its long-term and underlying rating (SPUR) to 'A+' from 'A-' on Jackson, Mich.'s existing unlimited-tax and limited-tax general obligation (GO) debt. The outlook on all ratings is stable.

"The raised rating reflects the application of our local GO criteria released Sept. 12, 2013," said Standard & Poor's credit analyst Caroline West. "The rating further reflects our view of the city's consistent financial performance, which is supported by good management," Ms. West added.

Jackson serves a population of in Jackson County in in south-central Michigan, approximately 35 miles from Lansing, Ann Arbor, and 45 miles from Battle Creek.

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