Standard&Poor's Ratings Services assigned its 'AA-' long-term rating to the Forest Lake Economic Development Authority, Minn.'s series 2013A public facility lease revenue bonds, issued for Forest Lake, Minn. At the same time, we affirmed our 'AA' long-term rating on the city's outstanding general obligation (GO) debt. The outlook on both ratings is stable. The 'AA' rating reflects our assessment of the city's: Flexibility to raise the operating levy, given the lack of levy limits within the state; Participation and access to the strong Minneapolis-St. Paul (Twin Cities) metropolitan area; Favorable economic indicators, reflecting good incomes and very strong market value per capita; Maintenance of very strong reserves, coupled with good financial management policies; and Moderate debt burden. The
