S&P Global Ratings assigned its'AAA'long-term rating to Blaine , Minnesota's anticipated $15.27 million series 2026D taxable general obligation (GO) tax abatement bonds, $3.85 million series 2026E GO improvement bonds. The outlook is stable. The bonds are secured by the city’s unlimited-tax full-faith-and-credit GO pledge. The series 2026D bonds will finance the construction of an additional parking structure in the 105th Ave. redevelopment district. The series 2026E bonds will finance the city’s 2026 road reconstruction projects. The'AAA'long-term rating reflects our view of the city's robust management policies and practices, revenue raising flexibility, and continued growth in the local economy. These factors contribute to operating stability and robust reserves and liquidity, despite high debt and relatively weak gross
