Moody’s Assigns Aa2 to Oak Creek, WI’s GO Notes

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Moody's Investors Service has assigned an Aa2 rating to the City of Oak Creek, WI's $5.0 million Taxable General Obligation Promissory Notes, Series 2017A. Moody's maintains the Aa2 rating on the city's general obligation unlimited tax (GOULT) debt. Post-sale, the city will have $102.2 million in GO debt outstanding.

The Aa2 rating reflects the city's sizeable tax base adjacent to the City of Milwaukee (Aa3 stable); above average wealth indices, stable financial operations resulting in maintenance of strong reserves, an elevated debt burden, and moderate unfunded pension liabilities.