S&P Global Ratings assigned its 'AAA' long-term rating to Blaine , Minn.'s anticipated $9.4 million series 2025A general obligation (GO) improvement and utility bonds. At the same time, we affirmed our 'AAA' long-term rating on the city's GO debt outstanding. The outlook is stable. The city's full faith and credit and revenue from an unlimited ad valorem property tax secure the 2025A bonds. The city also pledges available special assessment and utility revenue for the repayment of a portion of the bonds, but we rate the bonds based on the GO pledge as we have insufficient information to rate to the alternative pledges under our criteria. Bond proceeds will finance various pavement and utility system improvements and capital equipment. The
