S&P Global Ratings assigned its 'AA+' rating to White Bear Lake , Minn.'s roughly $2.43 million series 2025A general obligation (GO) bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the city's existing GO debt. The outlook is stable. The rating reflects the application of its criteria, ? Methodology For Rating U.S. Governments ,? published Sept. 9, 2024, on RatingsDirect. SAN FRANCISCO (S&P Global Ratings) May 7, 2025--S&P Global Ratings today took the rating actions listed above. We consider the city's environmental factors neutral. However, we note White Bear Lake's water level decreased recently due to drought conditions, leading to the ongoing risk of mandates requiring reduced water usage in the city and neighboring communities. We
