Summary: Big Lake, Minnesota; General Obligation Jun 11

Standard & Poors, June 2011

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Big Lake, Minn.'s series 2011A general obligation (GO) improvement refunding bonds. At the same time, we affirmed our 'A+' long-term rating on the city's existing GO debt. The outlook is stable. The 'A+' long-term rating is based on our assessment of the city's: Access to the Minneapolis-St. Paul and St. Cloud areas for more diverse employment opportunities, Income indicators that range from adequate to strong and strong market value per capita, and Very strong reserve levels. Partially offsetting the preceding strengths is our view of the city's net overall debt levels, which are high on a per capita basis and moderately high as a percentage of market value, and...

Companies mentioned in this report are: Big Lake
Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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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.

Big Lake

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