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Summary: Olmsted County, Minnesota; General Obligation; General Obligation Equivalent Security; Note Jul 09

  • ID: 1795289
  • July 2009
  • Region: Minnesota
  • Standard & Poors
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Standard & Poor's Ratings Services has assigned its 'AAA' rating to Olmsted County, Minn.'s 2009A GO capital improvement bonds and 2009B GO revenue solid waste bonds. The rating reflects our view of the county's: Strong service-based economy anchored by the Mayo Clinic, Strong financial performance and position, and Low overall debt burden, as measured as a percentage of market value. The 'SP-1+' short-term rating on the county's 2009C GO capital loan notes is based on the general creditworthiness of the county, as demonstrated by the 'AAA' GO credit rating on the county. Securing debt service on the notes is the county's GO pledge. The county has levied for the full amount of the debt service on the notes, which mature...

Companies mentioned in this report are:
- Olmsted Cnty

Action: Affirmed
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 READ MORE >

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- Olmsted Cnty

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