Standard&Poor's Ratings Services assigned its 'AA' long-term rating and stable outlook to North Mankato, Minn.'s series 2012A general obligation (GO) crossover refunding bonds and affirmed its 'AA' long-term rating and underlying rating (SPUR), with a stable outlook, on the city's and North Mankato Port Authority Commission's existing GO debt, secured by the city's GO pledge. Standard&Poor's also affirmed its 'AA+' long-term rating, with a stable outlook, on the city's GO debt, reflecting the city's participation in the Minnesota City Credit Enhancement Program. The ratings reflect our opinion of the city's: Participation in the Mankato-North Mankato economy, as well as its own economic base; Good-to-strong income and market value per capita indicators; Good management practices, coupled with,
