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Summary: Minnesota; Appropriations; General Obligation Oct 09 Product Image

Summary: Minnesota; Appropriations; General Obligation Oct 09

  • ID: 2028279
  • October 2009
  • Region: Minnesota
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services has assigned its 'AAA' general obligation (GO) rating to the state of Minnesota's 2009H-2009L GO bonds. At the same time, Standard & Poor's affirmed its ratings on the state's debt outstanding. The outlook is stable. The rating reflects our view of the state's: Deep and diverse economy supported by several regional economic hubs and anchored by the Minneapolis-St. Paul metropolitan statistical area, the center of the upper Midwest economy; Continued strong management that remains committed to structural balance and maintenance of reserves while the state weathers through the current economic downturn; and Low debt levels with rapid amortization and strong internal controls, which keep debt levels manageable. The bonds will finance various capital projects and...

Companies mentioned in this report are:
- Minnesota

Action: Affirmed
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 READ MORE >

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