BOSTON (Standard&Poor's) Aug. 3, 2012--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. "In our view, Minnesota has a solid track record of making budget adjustments in a timely manner," said Standard
