[Mpls] Bond house gives Mpls AAA rating with negative outlook

List manager mplslist at tcq.net
Mon Jun 7 14:22:17 CDT 2004


http://www.bizjournals.com/twincities/stories/2004/06/07/daily3.html? 
f=et86

 From the story:

The New York-based rating agency noted in a statement Minneapolis'  
economy has limited volatility, and the city has "strong and consistent  
budgetary performance, ample financial flexibility and moderate  
tax-supported debt levels."

But, Fitch warned, Minneapolis' financial risks have grown. The city  
faces higher expenses for services it provides and pension funds for  
city personnel, including the police, are expected to put increased  
demands on city money.

David Brauer
List manager



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