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Minnesota's 911 Revenue Bond Series 2011 Rated 'AA+', Stable Outlook

Published Aug 12, 2011

1136 words — Published Aug 12, 2011

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Abstract:

NEW YORK (Standard&Poor's) Aug. 12, 2011--Standard&Poor's Ratings Services assigned its 'AA+' long-term rating, and stable outlook, to the state of Minnesota's 911 revenue bond series 2011. At the same time, Standard&Poor's affirmed its 'AA+' rating on the state's debt outstanding. The ratings reflect what we view as: A stable statewide fee base that has experienced steady growth over time; The high essentiality of the emergency 911 system and a demonstrated history of legislative support for the program; Strong coverage of debt service on all bonds secured by the 911 fee, with fiscal 2011 revenues of $62.3 million covering new maximum annual debt service (MADS) by 3.1x; No plans for additional debt, which we believe

Brief Excerpt:

RESEARCH Minnesota's 911 Revenue Bond Series 2011 Rated '##+', Stable Outlook Publication date: 12-Aug-2011 Primary Credit Analyst: Robin Prunty, New York (1) 212-438-2081; robin_prunty@standardandpoors.com Secondary Contact: Corey...

Report Type:

Ratings Action

Issuer

Minnesota

Sector

Public Finance

Country

United States

Region

United States

Format:

HTML

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MLA:	S&P Global Ratings’ Credit Research. "Minnesota's 911 Revenue Bond Series 2011 Rated 'AA+', Stable Outlook" Aug 12, 2011. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-s-911-Revenue-Bond-Series-2011-Rated-AA-Stable-Outlook-884623>

APA:	S&P Global Ratings’ Credit Research. (). Minnesota's 911 Revenue Bond Series 2011 Rated 'AA+', Stable Outlook Aug 12, 2011. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Minnesota-s-911-Revenue-Bond-Series-2011-Rated-AA-Stable-Outlook-884623>

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