...CENTENNIAL (S&P Global Ratings) May 18, 2018--S&P Global Ratings raised its long-term rating to '##+' from '##' on White Bear Lake, Minn.'s existing general obligation (GO) bonds. At the same time, we assigned our '##+' long term rating to the city's series 2018A GO bonds and 2018B GO tax abatement bonds. The outlook is stable.. "The raised rating reflects our view of the city's sustained economic growth, exemplified through sustained net tax capacity and economic market value growth over the last several years, with projections for further increases," said S&P Global Ratings credit analyst Angel Bacio. "Further supporting the raised rating is the city's sustained and strong financial position, supported by very strong reserves." The stable outlook reflects our view that the city will maintain its very strong budgetary flexibility, and therefore we do not expect to revise the rating within the two-year outlook period. A pledge of the city's full faith credit and resources and its unlimited-property...
