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Summary: Hubbard County Housing & Redevelopment Authority, Minnesota Hubbard County; Non-School State Programs Feb 12
Standard & Poors, February 2012
Standard & Poor's Ratings Services affirmed its 'AA+' long-term rating and 'A+' underlying rating (SPUR) on Hubbard County Housing & Redevelopment Authority, Minn.'s series 2008 general obligation (GO) housing development revenue bonds, issued for Hubbard County. The 'AA+' long-term rating on the series 2008 bonds reflects our opinion of the additional security provided by Minnesota's standing appropriation to prevent a default on the county's bond issue as part of the state's county credit enhancement program. The outlook is stable. The 'A+' SPUR reflects our opinion of the county's: Stable local economy with some focus on tourism; Adequate income and extremely strong wealth levels; Very strong reserve levels; and Low to moderate debt burden. Hubbard County is located in north central...
Companies mentioned in this report are: Hubbard Cnty,Hubbard Cnty Hsg & Redev Auth
Action: Outlook: Stable
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Hubbard Cnty,Hubbard Cnty Hsg & Redev Auth