S&P Global Ratings assigned its'AA'long-term rating to the city of Norwood Young America , Minnesota's $2.24 million series 2026D general obligation (GO) improvement refunding bonds and its'AAA'long-term rating (based on credit enhancement) and ‘AA’ underlying rating to the city’s $5.09 million series 2026E GO temporary utility revenue bonds. At the same time, S&P Global Ratings affirmed its'AA'long-term rating and underlying rating (SPUR) on the city's existing GO debt. The outlook is stable. The series 2026D and 2026E bonds are secured by the city's full faith and credit pledge, including its ability to levy ad valorem property taxes without limitation as to rate or amount. The 2026D bonds are further payable from a combination of
