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

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

  • ID: 1795289
  • July 2009
  • Region: Minnesota
  • Standard & Poors

Abstract
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

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