Summary: West Saint Paul, Minnesota; Non-School State Programs

S&P Global Ratings assigned its 'AAA' long-term rating (based on credit enhancement), with a negative outlook, and 'AA' underlying rating, with a stable outlook, to West Saint Paul, Minn.'s anticipated $2.58 million series 2021A general obligation (GO) sewer revenue bonds. The series 2021A are GOs of the city for which its full faith, credit, and taxing powers are pledged without limitation as to rate or amount. The city anticipates that the debt service will be paid from entirely from net storm sewer and sanitary sewer systems. However, we rate to the city's GO pledge. Bond proceeds will be used to finance the costs of two lift stations and a force main in the city. The 'AAA' long-term rating reflects our

...S&P Global Ratings assigned its '###' long-term rating (based on credit enhancement), with a negative outlook, and '##' underlying rating, with a stable outlook, to West Saint Paul, Minn.'s anticipated $2.58 million series 2021A general obligation (GO) sewer revenue bonds. The series 2021A are GOs of the city for which its full faith, credit, and taxing powers are pledged without limitation as to rate or amount. The city anticipates that the debt service will be paid from entirely from net storm sewer and sanitary sewer systems. However, we rate to the city's GO pledge. Bond proceeds will be used to finance the costs of two lift stations and a force main in the city. The '###' long-term rating reflects our view of the city's eligibility for, and participation in, Minnesota's credit enhancement program for cities and counties, a state standing appropriation program administered by the Public Facilities Authority to prevent a default on the city's bond issues as authorized by Minnesota State...

Summary