The 'AAA' rating on Minneapolis, Minn.'s GO tax increment and tax increment refunding bonds series 2008 reflects the city's: Deep and diverse economic base; Role as a regional economic center for the upper Midwest; Strong financial management, bolstered by good fund balances; History of actively managing long-term expenditure pressures; and Well-managed capital program, with reasonable debt levels. The 'AAA' rating on the city's previously issued GO debt has been affirmed. The city's full faith and credit pledge secures the bonds. Minneapolis (population: 382,400) and St. Paul form the Twin Cities, which are the upper Midwest's hub for economic activity. A strong service and trade base, which complements the manufacturing sector, supports the Minneapolis-St. Paul MSA. The city's unemployment rate, already
