0 CHECKOUT

Summary: Minnesota; Appropriations; General Obligation Aug 09

  • ID: 2028832
  • August 2009
  • Region: Minnesota
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to Minnesota's 2009 certificates of participation (COPs), reflecting the state's covenant to appropriate debt service sufficient to pay annual debt service. At the same time, Standard & Poor's affirmed its 'AAA' rating, with a stable outlook, on the state's general obligation-backed debt. Credit factors supporting the rating include our view of Minnesota'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 the current economic downturn; and Low debt levels, with rapid amortization and...

Companies mentioned in this report are:
- Minnesota

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. READ MORE >

Note: Product cover images may vary from those shown

- Minnesota

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.