Summary: Howard Lake, Minnesota; General Obligation; Non-School State Programs Jan 12

Standard & Poors, January 2012

Abstract
Standard & Poor's Ratings Services assigned its 'A+' long-term rating to Howard Lake, Minn.'s series 2012A general obligation (GO) sewer and water crossover refunding bonds. At the same time, Standard & Poor's affirmed its 'AA+' enhanced program rating and 'A+' long-term and underlying rating (SPUR) on the city's existing GO debt. The outlook on all ratings is stable. The enhanced rating reflects our view of the city's participation in the Minnesota Credit Enhancement program. The 'A+' rating reflects our view of the city's: Stable local economy with access to the Minneapolis-St Paul metropolitan area economy; Income and wealth indicators that range from adequate-to-strong; and Maintenance of very strong reserves. Somewhat off-setting the above strengths is our view of the city's...

Companies mentioned in this report are: Howard Lake
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. 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.

Howard Lake

Customers who bought this item also bought

• Charter Schools - Global Outlook
• 2012 America's Neighborhoods-Zip Code 84118 for Salt Lake City, UT report
• 2012 America's Neighborhoods-Zip Code 84119 for Salt Lake City, UT report
• 2012 America's Neighborhoods-Zip Code 84120 for Salt Lake City, UT report
• 2012 America's Neighborhoods-Zip Code 33463 for Lake Worth, FL report
• 2012 America's Neighborhoods-Zip Code 33467 for Lake Worth, FL report
• 2012 America's Neighborhoods-Zip Code 60014 for Crystal Lake, IL report
• 2012 America's Neighborhoods-Zip Code 60073 for Round Lake, IL report
• 2012 America's Neighborhoods-Zip Code 92530 for Lake Elsinore, CA report
• 2012 America's Neighborhoods-Zip Code 92630 for Lake Forest, CA report