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Anoka County, MN's Series 2009A GO Bonds Rated 'AAA'; Outlook Stable Feb 09
Standard & Poors, Feb 2009
Abstract
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...
Companies mentioned in this report are: Anoka Cnty
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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