Laserfiche WebLink
<br />Summary: Centerville, Minnesota; General Obligation <br /> <br />these vulnerabilities to the FMA. <br /> <br />The city's overall net debt burden is considered high at $6,945 per capita but mOre moderate at 7.0% of market <br />value. In addition, debt service in the city's governmental funds has been above 25% from 2006~2008, a figure we <br />consider to be high. Although much of this debt is self-supported, it is with the use of special assessments; we do not <br />give self~support credit for debt serviced by this revenue stream since they are similar in nature to property taxes. <br /> <br />Outlook <br /> <br />The stable oudook on the rating is supported by our expectation that the city will continue to benefit from its access <br />to employment throughout the Minneapolis~St. Paul region, and that the city's very strong financial performance <br />will remain consistent with historical trends. <br /> <br />Related Research <br /> <br />USPF Criteria: "GO Debt," Oct. 12,2006 <br /> <br />Complete ratings information is available to RatingsDirect subscribers at www.raringsdirect.com. AJI ratings <br />affected by this rating action can be found on Standard & Poor's public Web site at www.standardandpoors.com; <br />under Ratings in the left navigation bar, select Find a Rating. <br /> <br />www.Slandardandpoors.com/ralingsdirecl <br /> <br />3 <br /> <br />Standard & Poor's. All rights reser~ed, No reprint or dissemination witllOul S&P's permission. See Terms of Use/Disclaimer on the last page <br /> <br />iO!~:; ,: '(:::6~7:'3 <br />