S&P rates St. Paul, Minn., bonds AAA

Standard & Poor's said it assigned its AAA rating to St. Paul, Minn.'s $6.33 million of series 2008A general obligation capital improvement bonds, $12.5 million of series 2008B G.O. street improvement special assessment bonds and $10.51 million of series 2008C G.O. public safety bonds. The outlook is stable.

S&P also said it assigned its AAA rating to the city's $23.735 million of sewer revenue bonds, series 2008D.

At the same time, S&P affirmed its AAA standard long-term rating and underlying rating on the city's outstanding G.O. bonds and sewer revenue bonds as well as its AA+ rating on the city's lease-backed debt.

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