Standard & Poor's Ratings Services said it raised its long-term rating on the village of Campbellsport, Wis.' series 2011 general obligation corporate purpose bonds and 2009 GO refunding bonds three notches to A-minus from BBB-minus.
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The outlook is stable.
Standard & Poor's also raised its short-term rating on the village's note anticipation notes (issued on Oct. 24, 2011) to SP-1 from SP-2, reflecting the revised GO rating.
"The upgrade is based on our view of the village's actions to address what we previously viewed as evidence of very weak management," said Standard & Poor's credit analyst Carol Spain.
