Standard&Poor's Ratings Services assigned its 'AA+' rating to Minnesota's $658.5 million bonds, consisting of: $422 million general obligation (GO) state various purpose bonds, series 2012A; $234 million GO state trunk highway bonds, series 2012B; and $2.5 million GO taxable state bonds, series 2012C. The outlook is stable. At the same time, Standard&Poor's affirmed its 'AA+' rating, and stable outlook, on Minnesota's GO state bonds. Standard&Poor's also affirmed its 'AA' rating on the state's appropriation debt outstanding and its 'A+' rating on an issue backed by the state's moral obligation. Credit factors supporting the 'AA+' rating include our view of the state's: Deep and diverse economy supported by several regional economic hubs and anchored by
