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Summary: West Saint Paul, Minnesota; General Obligation Jul 12

  • ID: 2192497
  • July 2012
  • Region: Minnesota
  • Standard & Poors

Standard & Poor's Ratings Services assigned its 'AA' long-term rating to West St. Paul, Minn.'s taxable general obligation (GO) tax abatement bonds series 2012A and 2012B. At the same time, Standard & Poor's affirmed its 'AA' long-term rating on the city's outstanding debt. The outlook is stable. The rating reflects our view of the city's: Proximity to and participation in the Minneapolis-St. Paul (Twin Cities) metropolitan area economic base; Good-to-strong economic indicators Strong and stable financial profile, as demonstrated by a very strong general fund balance; Good management practices; and Low debt burden. We understand that the series 2012A and 2012B bond proceeds will finance construction of an indoor sports facility located within the city. The city's GO pledge secures...

Companies mentioned in this report are:
- West Saint Paul

Action: Affirmed
Action: New Rating
Action: Outlook: Stable

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- West Saint Paul

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