- Language: English
- 74 Pages
- Published: September 2011
- Region: Global
Summary: Olmsted Cnty, MN; Appropriation, General Obligation Equivalent Security; Tax Secured, General Obligation Nov 02
- Published: November 2002
- Standard & Poors
The 'AAA' rating on Olmsted County, Minn.'s GO bonds reflects the county's: Strong service-based economy anchored by the Mayo Clinic; Steady tax base growth; Strong management practices and performance that has led to a strong financial position; and Effective debt management, with a low overall debt burden. The county is in southeastern Minnesota, 80 miles south of the Twin Cities region, and includes the city of Rochester, home of the Mayo Clinic, the largest medical center in the world. Mayo is the county's leading taxpayer and employer, with over 24,600 employees. Mayo has recently embarked on a five-phase expansion program expected to run through 2005, with phase one totaling $122 million. IBM Corp.'s storage systems division is also a leading...
Companies mentioned in this report are: Olmsted Cnty
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >