Standard&Poor's Ratings Services assigned its 'AAA' issuer credit rating (ICR) to Burnsville, Minn., based on the application of our recently released local general obligation (GO) criteria. The outlook is stable. The rating reflects our assessment of these factors for the town, specifically its: Strong local economy, in close proximity to the broad and diverse Minneapolis-St. Paul metropolitan area economy; Very strong budgetary flexibility, with 2012 (audited) available reserves at 66% of general fund expenditures; Adequate budgetary performance, with a recent history of general fund surpluses, albeit with modest deficits projected for the next two years; Very strong liquidity, with sufficient cash and cash equivalents to cover both debt service and expenditures; Very strong management, with well-articulated policies and
