Summary: Blaine, Minnesota; General Obligation

S&P Global Ratings assigned its 'AA+' long-term rating to Blaine, Minn.'s series 2016A general obligation (GO) bonds. At the same time, we affirmed our 'AA+' long-term rating on the city's outstanding GO bonds. The outlook is stable. The bonds are secured by Blaine's unlimited-tax GO pledge. The city also pledges special assessment revenues for payment of debt service. However, we rated the city's GO pledge, which we view as the stronger security. The bonds will be used to finance street improvements, purchase capital equipment, and advance refund the city's series 2007A GO bonds. The long-term rating reflects our assessment of the city's: Strong economy, with access to a broad and diverse metropolitan statistical area (MSA); Strong management, with "good" financial

...S&P Global Ratings assigned its '##+' long-term rating to Blaine, Minn.'s series 2016A general obligation (GO) bonds. At the same time, we affirmed our '##+' long-term rating on the city's outstanding GO bonds. The outlook is stable. The bonds are secured by Blaine's unlimited-tax GO pledge. The city also pledges special assessment revenues for payment of debt service. However, we rated the city's GO pledge, which we view as the stronger security. The bonds will be used to finance street improvements, purchase capital equipment, and advance refund the city's series 2007A GO bonds. The long-term rating reflects our assessment of the city's:...

Summary