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Summary: Lonsdale, Minnesota; General Obligation Oct 11

  • ID: 2025838
  • October 2011
  • Region: Minnesota
  • Standard & Poors
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Standard & Poor's Ratings Services assigned its 'A+' rating to Lonsdale, Minn.'s general obligation (GO) improvement crossover refunding bonds, series 2011A. At the same time, Standard & Poor's affirmed its 'A+' rating on the city's bonds outstanding. The outlook is stable. The rating reflects our view of the city's: Participation in the wider Minneapolis-St. Paul (Twin Cities) metropolitan area economic base; Good income levels, coupled with strong market value on a per capita basis; and Stable finances supported by a very strong general fund reserve level. The preceding credit strengths are offset in part by our opinion of: The city's moderately high debt burden, The city's elevated carrying charges, and Recent declines in the city's tax base. The series 2011A...

Companies mentioned in this report are:
- Lonsdale

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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