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Gilbert, MN's Series 2012A General Obligation Bonds Rated 'A'; Outlook Stable Feb 12

  • ID: 2051597
  • February 2012
  • Standard & Poors
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NEW YORK (Standard & Poor's) Feb. 7, 2012--Standard & Poor's Ratings Services has assigned its 'A' long-term rating to the city of Gilbert, Minn.'s $1.03 million series 2012A general obligation (GO) bonds. The outlook is stable. The rating reflects Standard & Poor's assessment of the city's: Adequate wealth and income indicators, Very strong financial reserves, and Low-to-moderate debt levels. A limiting credit consideration, in Standard & Poor's view, is the nominal dollar amount of the general fund balance, which, while very strong on a percentage basis, could be susceptible to any unforeseen challenges. "We expect that the city will maintain balanced operations and very strong reserves. Although we do not expect the rating to change within the two-year parameter of...

Companies mentioned in this report are: Gilbert
Action: New Rating
Action: Outlook: Stable

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Research type: News
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