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Article: Fitch Rates Minneapolis, Minnesota's $35.9MM GOs 'AAA'; Outlook Stable
- Article from:
- Wireless News
- Article date:
- September 24, 2009
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Wireless News
09-24-2009
Fitch Rates Minneapolis, Minnesota's $35.9MM GOs 'AAA'; Outlook Stable
Type: News
Fitch Ratings has assigned an 'AAA' rating to the City of Minneapolis, Minnesota's (the city) following issues:
--$16.9 million general obligation (GO) various purpose refunding bonds, series 2009A;
--$5.4 million GO tax increment refunding bonds (Milwaukee Depot), series 2009A;
--$13.7 million GO tax increment refunding bonds (900 Nicollet Mall), series 2009B.
The bonds will sell competitively on Sept. 23. Proceeds will refinance outstanding GO debt. The city pledges its full faith and credit and unlimited ad valorem taxes in repaying the bonds. In addition, Fitch affirms the 'AAA' ...