Summary: Edina, Minnesota; General Obligation Mar 09

Standard & Poors, March 2009

Abstract
Standard & Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Edina, Minn.'s series 2009A general obligation (GO) capital improvement plan bonds and series 2009B GO refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the city's existing debt. The rating reflects the city's: Participation in the Minneapolis metropolitan statistical area (MSA) and role as a first-ring suburb in the prosperous Minneapolis-St. Paul (Twin Cities) western suburbs; Strong financial performance with very strong fund balance levels, both on a dollar and a percent of expenditure basis; Evidence of ongoing strong management practices; and Manageable debt burden with a very rapid amortization schedule, primarily supported by nonproperty tax revenue sources. Both series of bonds are secured...

Companies mentioned in this report are:
- Edina

Action: Affirmed
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.

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.

Edina

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