- Published: May 2012
- Region: United States
Summary: Chaska, Minnesota; General Obligation Dec 06
- Published: December 2006
- Region: Minnesota
- Standard & Poors
The standard long-term rating and Standard & Poor's underlying rating (SPUR) on Chaska, Minn.'s GO debt have been raised to 'A+' from 'A', based on the city's strong tax base growth with the maintenance of solid financial reserve levels. The 'A+' rating on the city's GO bonds series 2006A and GO equipment certificates of indebtedness series 2006B reflects the following credit factors: Participation in the Minneapolis-St. Paul (Twin Cities) MSA, Above-average wealth and income levels, and Solid financial position supported by strong fund balance levels. A high debt burden--when compared to the city's population, and budget--limits these strengths. Proceeds from the series 2006A bonds will be used to finance street and intersection improvements (intended source of payment on debt service...
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Action: New Rating
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