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Summary: Lonsdale, Minnesota; General Obligation Oct 11

  • ID: 2025838
  • October 2011
  • Region: Minnesota
  • Standard & Poors
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Abstract
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

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 READ MORE >

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Lonsdale

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