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Summary: Minnesota; Appropriations; General Obligation Oct 09

  • ID: 2028279
  • October 2009
  • Region: Minnesota
  • Standard & Poors
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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 credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes READ MORE >

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- Minnesota

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