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Anoka County, MN's Series 2009A GO Bonds Rated 'AAA'; Outlook Stable Feb 09

  • ID: 1921365
  • February 2009
  • Standard & Poors
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CHICAGO (Standard & Poor's) Feb. 4, 2009--Standard & Poor's Ratings Services has assigned its 'AAA' standard long-term rating to Anoka County, Minn.'s $18.31 million series 2009A general obligation (GO) capital improvement bonds. The outlook is stable. The rating reflects the county's participation in the deep and diverse Minneapolis-St. Paul ("Twin Cities") economic base; strong income and wealth indicators; very strong financial position, backed by good financial management practices, in Standard & Poor's opinion; and low overall debt burden, as measured by debt relative to indicated market value. "We expect that the county will maintain its very good financial reserve position as the county continues to grow," said Standard & Poor's credit analyst Corey Friedman. The county's participation in the Twin...

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- Anoka Cnty

Action: New Rating
Action: Outlook: Stable

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Research type: News
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- Anoka Cnty

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