S&P Global Ratings assigned its 'AA+' long-term rating to Forest Lake, Minn.'s $2.4 million series 2024A general obligation (GO) equipment certificates. 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 unlimited ad valorem tax GO pledge secures the series 2024 GO certificates. Proceeds will be used to finance the acquisition of fire engines and plow trucks. The 'AA+' long-term rating reflects our view of the city's long history of strong and stable operating performance, affluent and growing local economy located 30 miles north of the Twin Cities metro, and manageable debt and liability profile. Forest Lake serves as a northern metropolitan suburb of the Twin Cities,
