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

Standard & Poors, March 2012

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

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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.

Nobles Cnty

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