- Language: English
- Published: June 2012
- Region: Minnesota
Summary: Minnesota; Tax Secured, General Obligation Jul 03
- ID: 2028605
- July 2003
- Region: Minnesota
- Standard & Poors
Minnesota's $460 million GO tax-exempt state bonds and $3 million taxable GO state bonds series 2003 have been rated 'AAA'. The 'AAA' rating and 'AAA' Standard & Poor's underlying rating (SPUR) on the state's outstanding debt have been affirmed. The outlook is stable. The rating reflects the following credit factors: A deep and diverse economy, supported by several regional economic centers and anchored by the Minneapolis-St. Paul MSA; Continued strong management, which addresses both short- and long-term structural issues; Good remaining liquidity, despite planned draw-downs; and Moderate debt levels, with rapid amortization and internal controls, which keep debt levels manageable. Despite an economy that benefits from diversity across several sectors, the economic recession has settled in on Minnesota--although it arrived...
Companies mentioned in this report are:
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 the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >