S&P Global Ratings assigned its ?AAA? long-term rating to Burnsville , Minn.?s anticipated $73 million series 2025A general obligation (GO) capital improvement bonds. The outlook is stable. ENGLEWOOD (S&P Global Ratings) April 30, 2025--S&P Global Ratings today took the rating actions listed above. We have analyzed the city's environmental, social, and governance factors and consider them credit neutral. The stable outlook reflects our expectation that Burnsville's growing property tax base, management's plans to significantly increase franchise fees, special assessments, its property tax levy, and various other rates and charges will offset the substantial amount of additional debt it intends to issue to fund its large CIP. The outlook further reflects our expectation that the city will maintain operating balance over
