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Summary: Hennepin Cnty, MN; General Obligation, Local GO; General Obligation, Local Lease; Public Finance Structured, Liquidity Facility Jan 01
Standard & Poors, January 2001
The rating on Hennepin County, Minn.'s bonds reflects: A strong and well-diversified economic base that includes the city of Minneapolis, Consistently strong financial operations, and Superior management performance in addressing capital needs while maintaining a manageable debt burden. The bonds are general obligations of the county. Hennepin County anchors a strong regional economy that continues to outperform the nation. Population has averaged about 1% growth per year for the past eight years, rising steadily to 1,081,000. Ongoing strength in the downtown Minneapolis commercial tax base complements ongoing gains in suburban property values. Currently, several large commercial projects are underway or are planned. The county's $1.08 billion net tax capacity for 2000 reflects a 5.8% increase and follows two years of...
Companies mentioned in this report are:
- Hennepin Cnty
Action: New Rating
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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.
- Hennepin Cnty