The 'AAA' rating on Olmsted County, Minn.'s 2008A GO capital loan notes and Olmsted County Housing and Redevelopment Authority's 2008B public facility lease revenue refunding bonds, issued for the county, reflects the county's: Strong service-based economy anchored by the Mayo Clinic, Strong financial performance and position, and Moderate overall debt burden. The county's GO pledge secures the series 2008A bonds, which will fund the replacement of ice making equipment at an existing hockey arena. The series 2008B bonds will refund the county's 2002B bonds for interest cost savings. The 2008B bonds are special obligations of the county, secured by a combination of revenue sources including general ad valorem taxes, income from the rental of space within the government center facility,...
Companies mentioned in this report are:
- Olmsted Cnty
- Olmsted Cnty Hsg & Redev Auth
Action: New Rating
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Research Type: Full Analysis