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Summary: Thief River Falls, Minnesota; General Obligation Jan 13 Product Image

Summary: Thief River Falls, Minnesota; General Obligation Jan 13

  • Published: January 2013
  • Region: Minnesota
  • Standard & Poors

Abstract
Standard & Poor's Ratings Services affirmed its 'A+' underlying rating (SPUR) on Thief River Falls, Minn.'s series 2008A and 2009A general obligation (GO) bonds and its 'AA+' enhanced program rating on the city's series 2009A bonds. The enhanced program rating reflects the city's eligibility for, and participation in, the Minnesota City Credit Enhancement program, which provides the security of a standing appropriation from Minnesota's general fund in the event of a city debt payment default. The outlook on all the ratings is stable. The 'A+' rating reflects our view of the city's: Stable local economy with some concentration in Digi-Key Corp., the city's principal employer; Very strong financial position, supplemented by additional liquidity available outside the general fund; and Low...

Companies mentioned in this report are:
- Thief River Falls

Action: Affirmed
Action: Outlook: Stable

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the READ MORE >

- Thief River Falls

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