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Anoka County, Minnesota; General Obligation Feb 09
Standard & Poors, Feb 2009
Abstract
The 'AAA' standard long-term rating on Anoka County, Minn.'s 2009A general obligation (GO) capital improvement bonds 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 Ratings Services' opinion; and Low overall debt burden, as measured by debt relative to indicated market value. The county's GO pledge secures the bonds. The bond proceeds will finance various capital improvement projects throughout the county. Anoka County is the next county north of Hennepin County ('AAA' GO debt rating), which is home to Minneapolis ('AAA' GO debt rating) and neighbors to the west of St. Paul ('AAA' GO debt...
Companies mentioned in this report are: Anoka Cnty
Action: New Rating
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: Full Analysis
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