- Language: English
- 25 Pages
- Published: March 2013
- Region: Bosnia and Herzegovina
Minnesota; Appropriations; General Obligation; Moral Obligation Aug 12
- Published: August 2012
- Standard & Poors
Standard & Poor's Ratings Services assigned its 'AA+' rating to Minnesota's $658.5 million bonds, consisting of: $422 million general obligation (GO) state various purpose bonds, series 2012A; $234 million GO state trunk highway bonds, series 2012B; and $2.5 million GO taxable state bonds, series 2012C. The outlook is stable. At the same time, Standard & Poor's affirmed its 'AA+' rating, and stable outlook, on Minnesota's GO state bonds. Standard & Poor's also affirmed its 'AA' rating on the state's appropriation debt outstanding and its 'A+' rating on an issue backed by the state's moral obligation. Credit factors supporting the 'AA+' rating include our view of the state's: Deep and diverse economy supported by several regional economic hubs and anchored by...
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Action: New Rating
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