Minneapolis, Minnesota; Tax Secured, General Obligation Oct 05
Standard & Poors, October 2005
Abstract
The 'AAA' rating on Minneapolis, Minn.'s GO various purpose bonds series 2005A and GO taxable block E refunding bonds 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 'AAA' rating on the city's outstanding GO debt has been affirmed. The bonds are secured by the city's full faith and credit pledge. Proceeds of the 2005A bonds will be used for telecommunications-related projects; Block E bond proceeds will be used to refund outstanding variable-rate debt with fixed-rate bonds. Minneapolis (population: 383,000) and St. Paul form the Twin Cities,...
Companies mentioned in this report are:
- Minneapolis
Action: New Rating
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
- Minneapolis
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
