S&P Global Ratings assigned its 'AA+' long-term rating to Elko New Market, Minn.'s $4.2 million series 2021A 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 city's full faith and credit and ability to levy unlimited ad valorem property taxes secure the bonds. The city is also pledging net revenue from its water, sewer, and storm sewer system utilities, but we rate to the GO pledge. Bond proceeds will help finance acquisition of land and various water supply, wastewater collection, and disposal service projects within the city. Stable operations and conservative budgeting practices have led to the maintenance of very strong reserves. The city's