S&P Global Ratings assigned its'AAA'long-term rating (based on credit enhancement) and its'A+'underlying rating to Minneota Independent School District No. 414 (Minneota Public Schools) , Minnesota’s anticipated $9.015 million series 2026A general obligation (GO) school building bonds. At the same time, S&P Global Ratings affirmed its'A+'underlying rating on the district's existing GO debt. The outlook is stable. The district’s full faith and credit and revenue from an unlimited ad valorem tax secure the bonds. Proceeds from the series 2026A bonds will finance the construction and improvement of school facilities and pay the cost of issuance. The long-term rating reflects our assessment of the district’s eligibility for, and participation in, Minnesota’s School District Credit Enhancement Program.
