Summary: Minnesota; Appropriations; General Obligation Oct 09
- ID: 2028279
- October 2009
- Region: Minnesota
- Standard & Poors
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...
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Action: New Rating
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