S&P Global Ratings assigned its 'AA+' long-term rating to Forest Lake , Minn.'s approximately $4.4 million series 2025A street reconstruction general obligation (GO) bonds. At the same time, we affirmed our 'AA+' long-term rating on the city's GO debt outstanding. The outlook is stable. The rating reflects the application of our " Methodology For Rating U.S. Governments ,? published Sept. 9, 2024. The series 2025A bonds are secured by a pledge of the city's full faith and credit and power to levy ad valorem taxes without limitation as to rate or amount. Proceeds will be used to finance street construction projects. The rating reflects our view of the city's long history of strong and stable operating performance (albeit with a
