BOSTON (Standard&Poor's) Jan. 15, 2014--Standard&Poor's Ratings Services today said that its rating and outlook on the state of Minnesota's series 2014A and B state general fund appropriation bonds (AA/Stable) are currently unaffected by the legal challenge to the bonds filed Jan. 10, 2014. The state has delayed the bond sale -- scheduled for Jan. 13, 2014 -- in response to this challenge. The plaintiff filed a writ of prohibition that claims the bonds are unconstitutional because they improperly rely on sales tax revenue from Minneapolis for the payment of the city's share of debt service. Based on an opinion of the state's bond counsel, we believe that the bonds were legally authorized and are valid and
