Home Credit Ratings and Research S&P Global Ratings’ Credit Research Minnesota

Various Long-Term Ratings Raised On Eight Different Tender-Option Bond Trust Issues

Published Aug 03, 2018

3 pages (1331 words) — Published Aug 03, 2018

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About This Report

Abstract:

NEW YORK (S&P Global Ratings) Aug. 3, 2018--S&P Global Ratings raised its long-term rating components on eight tender-option bond trust issues related to various underlying bonds (please see table). This rating action follows S&P Global Ratings' action on the underlying bonds. S&P Global Ratings raised its ratings on the underlying bonds on July 25, 2018. (Please see the article, titled "Minnesota GO Debt Upgraded To 'AAA' From 'AA+' On Improved Financial Performance; Series 2018A-C GO Bonds Rated 'AAA'," published July 25, 2018, on RatingsDirect.) The long-term component of the ratings on the floaters and the ratings on the residuals reflect the ratings on their respective underlying securities and S&P Global Ratings' expectation of the likelihood of bondholders receiving interest and

Brief Excerpt:

...Primary Credit Analyst: Joseph J Mckeever, New York + 1 (212) 438 2260; joseph.mckeever@spglobal.com Secondary Contact: Alexander J Gombach, New York (1) 212-438-2882; alexander.gombach@spglobal.com...

Report Type:

Ratings Action

Issuer

Minnesota

Sector

Public Finance

Country

United States

Region

United States

Format:

PDF

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Minnesota; Appropriations; General Obligation; Moral Obligation – 2018/07/25 – US$ 500.00

Summary: Minnesota; Appropriations; General Obligation; Moral Obligation – 2018/07/25 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Various Long-Term Ratings Raised On Eight Different Tender-Option Bond Trust Issues" Aug 03, 2018. Alacra Store. May 16, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Various-Long-Term-Ratings-Raised-On-Eight-Different-Tender-Option-Bond-Trust-Issues-2082011>

APA:	S&P Global Ratings’ Credit Research. (). Various Long-Term Ratings Raised On Eight Different Tender-Option Bond Trust Issues Aug 03, 2018. New York, NY: Alacra Store. Retrieved May 16, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Various-Long-Term-Ratings-Raised-On-Eight-Different-Tender-Option-Bond-Trust-Issues-2082011>

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