...October 13, 2023 CHICAGO (S&P Global Ratings) Oct. 13, 2023--S&P Global Ratings assigned its '##+' rating to the State of Minnesota's $449.9 million series 2023 certificates of participation (COPs; state office building project) and $26 million taxable series 2023A state general fund appropriation bonds (Duluth Regional Exchange District). The outlook is stable. "Minnesota's robust management, with regular and comprehensive multiyear revenue forecasting, focuses on matching recurring expenditures with recurring revenue and is committed to maintaining healthy reserve balances, and continues to support the state's '###' credit quality," said S&P Global Ratings credit analyst Scott Nees. The stable outlook reflects our outlook on the State of Minnesota. While the state will be making significant levels of investment during its 2024-2025 biennium and spending down its sizable carry-forward balance on mostly one-time items, the stable outlook reflects our view that Minnesota will maintain its...
