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Minnesota; General Obligation, State GO Jan 00 Product Image

Minnesota; General Obligation, State GO Jan 00

  • ID: 2028940
  • January 2000
  • Region: Minnesota
  • Standard & Poors

Abstract
The rating on Minnesota's GO debt reflects: A deep, steadily growing economy that is diversified among services, trade, and manufacturing; Strong financial management systems with significant financial reserves; and A moderate debt burden with manageable future capital needs. Despite some concentration in the manufacturing sector, Minnesota's economic diversity enables the state to perform well during economic cycles compared with the nation. Employment and income data indicate steady job creation since late 1994 with the Twin Cities area leading the charge. The services sector, particularly business and health care, and the construction sector have performed particularly well. Employment growth in the state is projected at 2% in 1999, which is slightly below the national averages. In 1999, wage growth will also...

Companies mentioned in this report are:
- Minnesota

Action: Affirmed

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.

Research Type: Full Analysis

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