Summary: Minneapolis, MN; Tax Secured, General Obligation; Tax Secured, Tax Increment Nov 04

  • ID: 1781492
  • November 2004
  • Standard & Poors
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The 'AAA' rating on Minneapolis, Minn.'s various series 2004 GO bond issues and outstanding GO debt reflects the city's: Deep and diverse economic base; Role as a regional economic center for the upper Midwest; Strong financial management, bolstered by good fund balances; History of actively managing long-term expenditure pressures; and Well-managed capital program with reasonable debt levels. The bonds are secured by city's the full faith and credit pledge. Proceeds of the bonds will be used for various city projects, and to fund Minnesota Fire Department Relief Association and Minnesota Police Relief Association unfunded pension obligations. Minneapolis (population 383,000) and St. Paul form the Twin Cities, which is the upper Midwest's hub for economic activity. A strong service and trade...

Companies mentioned in this report are:
- Minneapolis

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- Minneapolis

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