S&P Global Ratings assigned its'AA'long-term rating to West Saint Paul , Minnesota's anticipated $2.19 million series 2026B general obligation (GO) housing improvement area bonds. The outlook is stable. The series 2026B bonds are GOs of the city for which its full faith, credit, and taxing powers are pledged without limitation as to rate or amount. The city will also pledge housing improvement fees imposed against all units in its Housing Improvement Area (HIA). However, we rate to the city's GO pledge due to lack of sufficient information to rate the additional pledged revenue. Bond proceeds will be used to finance private housing improvements in the Charlton Place Condominium HIA. The rating reflects our view of the city’s growing
