...May 2, 2019 CHICAGO (S&P Global Ratings) May 2, 2019--S&P Global Ratings has assigned its '###' rating to Minneapolis' series 2019 general obligation (GO) improvement and various purpose bonds and its series 2019 taxable GO housing improvement area bonds. At the same time, S&P Global Ratings affirmed its '###' ratings on the city's existing GO debt. The outlook is stable. "The '###' rating reflects our view of the city's very strong economy, management, budgetary flexibility, and liquidity," said S&P Global Ratings credit analyst Scott Nees. Each series of bonds is secured by the city's full-faith-and-credit GO pledge and ability to levy unlimited ad valorem taxes against all taxable property within its borders. The improvement and various purpose bonds are additionally secured by special assessments and net revenues of several of the city's utilities, though we rate the bonds to the city's GO pledge. Proceeds from the improvement and various purpose bonds will finance various public improvements...
