Standard&Poor's Ratings Services assigned its 'AA' rating to Port Authority of the City of St. Paul, Minn.'s lease revenue refunding bonds series 2013-2 and series 2013-3, reflecting the appropriation pledge of the state of Minnesota. The outlook is stable. At the same time, Standard&Poor's affirmed its 'AA+' rating, and stable outlook, on Minnesota's general obligation (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. Credit factors supporting the ratings include our view of the state's: Deep and diverse economy supported by several regional economic hubs and anchored by the Minneapolis-St. Paul metropolitan statistical area, the
