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Summary: Nobles County, Minnesota; General Obligation; Non-School State Programs Mar 12

  • ID: 2082797
  • March 2012
  • Region: Minnesota
  • Standard & Poors
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Abstract
Standard & Poor's Ratings Services assigned its 'AA-' long-term rating to Nobles County, Minn.'s series 2012A general obligation (GO) water revenue crossover refunding bonds. At the same time, Standard & Poor's affirmed its 'AA-' long-term and underlying rating (SPUR) as well as its 'AA+' enhanced long-term rating on the county's outstanding debt. The outlook on all ratings is stable. The 'AA+' enhanced rating reflects our view of the additional security provided by Minnesota's standing appropriation to prevent a default on the county's bond issuance. The authorization for this program is derived from Minnesota Statutes, Section 446A.086. An independent paying agent is responsible for notifying the state in a timely manner if a potential default situation exists. Upon notification, the commissioner...

Companies mentioned in this report are:
- Nobles Cnty

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 READ MORE >

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- Nobles Cnty

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