What's News in Pleasant Prairie, Wisconsin
Credit Rating Improves
Back to News
In a rating released on December 3, 2008, Standard & Poor’s raised the Village of Pleasant Prairie’s long-term credit rating from AA- to AA. According to the company’s release, the ratings were raised “based on the village’s maintenance of very strong reserve levels and an above average financial profile.” This increase builds upon an improved credit rating released in January of 2008, when the Village’s long-term credit rating rose from A+ to AA-.
The improved credit rating will help the Village secure bonds at a lower interest rate tier and will continue to provide an added draw for businesses considering relocating in Pleasant Prairie. “Given the current economic challenges that the country and the world are facing today, the improved rating provides extra assurance that the fiscal planning and our work on economic development has added to the strength and financial security of the Village,” commented Mike Pollocoff Village Administrator. “The boost in our Standard & Poor’s rating will certainly be an asset as we continue to create an attractive environment for new, sound economic development.”