NEW YORK (Standard&Poor's) Nov. 6, 2006--Standard&Poor's Ratings Services assigned its 'AA+' rating to Minnesota's $35 million 911 revenue bonds series 2006. The rating reflects a stable statewide fee base that has experienced steady growth over time; the high essentiality of the emergency 911 system and a demonstrated history of legislative support for the program; and high coverage of maximum annual debt service (MADS) on all bonds secured by the 911 fee, with fiscal 2007 projected revenues of $46.9 million covering MADS by 8.57X. The rating also reflects limited additional debt planned and authorized, which should ensure high debt service coverage levels well above the additional bonds test requirement; and rapid amortization of debt payable from pledged
