NEW YORK (Standard&Poor's) Nov. 12, 2010--Standard&Poor's Ratings Services today published its 'AA-/A-1+' rating on Minneapolis, Minn.'s $11.3 million variable-rate demand revenue bonds series 2006 (for the MacPhail Center for Music project) due Aug. 1, 2036. The long- and short-term components of our rating on the series 2006 bonds are based on our long- and short-term issuer credit ratings on U.S. Bank N.A. ('AA-/A-1+') and address the full and timely payment of the bonds' regularly scheduled interest, principal, and purchase price upon an optional or mandatory tender, according to the transaction's terms. U.S. Bank provides credit and liquidity support for the bonds in the form of an LOC. On Aug. 24, 2006, we assigned our initial 'AA/A-1+'
