Summary: White Bear Lake, Minnesota; General Obligation

Standard&Poor's Rating Services assigned its 'AA' long-term rating to White Bear Lake, Minn.s series 2016A general obligation (GO) tax increment revenue bonds. At the same time, Standard&Poor's affirmed its 'AA' rating on the city's existing GO debt. The outlook 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 2016A series bonds. The city is also pledging tax increment revenues. Our rating is based on the city's full-faith-credit-and-resource unlimited-tax GO pledge, which we feel is the stronger pledge. It is our understanding that bond proceeds will be used to reimburse the city for eligible costs of public improvements within the

...Standard & Poor's Rating Services assigned its '##' long-term rating to White Bear Lake, Minn.s series 2016A general obligation (GO) tax increment revenue bonds. At the same time, Standard & Poor's affirmed its '##' rating on the city's existing GO debt. The outlook 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 2016A series bonds. The city is also pledging tax increment revenues. Our rating is based on the city's full-faith-credit-and-resource unlimited-tax GO pledge, which we feel is the stronger pledge. It is our understanding that bond proceeds will be used to reimburse the city for eligible costs of public improvements within the city. The rating reflects our view of the city's:...

Summary