- Language: English
- Published: October 2011
- Region: Minnesota
Summary: Minnesota; Appropriations; General Obligation Aug 09
- Published: August 2009
- Region: Minnesota
- Standard & Poors
Standard & Poor's Ratings Services has assigned its 'AAA' long-term rating to Minnesota's 2009D-2009G general obligation (GO) bonds. At the same time, Standard & Poor's affirmed its 'AAA' rating on the state's GO-backed debt and 'AA+' rating on the state's appropriation-backed debt. The outlook is stable. 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 through the current economic downturn; and Low debt levels with rapid amortization and strong internal controls, which keep debt levels manageable....
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 >