Standard&Poor's Ratings Services raised its long-term rating on Forest Lake, Minn.'s previously rated general obligation (GO) bonds to 'AA+' from 'AA'. We also raised to our rating 'AA' from 'AA-' on the Forest Lake Economic Development Authority's (EDA) facility lease revenue bonds, issued for the city, based on our recently released local GO criteria. At the same time, we assigned our 'AA+' long-term rating to Forest Lake's series 2013B GO refunding bonds. The outlook on all the ratings is stable. A pledge of the city's full faith credit and resources and an agreement to levy ad valorem property taxes without limitation as to rate or amount secure the GO bonds. The rating on the lease revenue bonds is
