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Big Lake, MN's Series 2009A GO Capital Improvement Plan Bonds Rated 'A+'; Outlook Stable Aug 09
Standard & Poors, Aug 2009
Abstract
CHICAGO (Standard & Poor's) Aug. 6, 2009--Standard & Poor's Ratings Services has assigned its 'A+' long-term rating to Big Lake, Minn.'s $620,000 series 2009A general obligation (GO) capital improvement plan bonds. The outlook is stable. The rating is based on the following rating factors: Economic indicators for the city that range from levels Standard & Poor's considers to be adequate to very strong; Access to the Minneapolis and St. Cloud areas for employment; and Financial performance Standard & Poor's considers to be very strong, despite recent and planned reductions in the general fund balance. Offsetting these strengths are ongoing debt service that Standard & Poor's expects to remain at a level that is more than 35% of total governmental funds...
Companies mentioned in this report are: Big Lake
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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