October 14, 2013 / 4:15 PM / 4 years ago

S&P raises Robbinsdale, Minn. GO rating to 'AA+'

Oct 14 (Reuters) - Standard & Poor's Ratings Services on Monday raised its long-term rating on Robbinsdale, Minnesota's outstanding general obligation debt to AA-plus from double-A' citing strong budget parameters.

The outlook is stable.

The rating upgrade reflects very strong budgetary flexibility, and liquidity, as well as strong budgetary performance, and strong management.

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