Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Minneapolis, Minn.'s series 2012 general obligation (GO) tax increment refunding bonds (Heritage Park), GO parking assessment refunding bonds, GO library referendum refunding bonds, and GO various purpose bonds. At the same time, we affirmed our 'AAA' long-term rating on the city's previously issued GO debt. The outlook is stable. The rating reflects our view of the city's: Deep and diverse economic base; Role as a regional economic center for the upper Midwest; Strong financial management, bolstered by what we consider very strong fund balances; Relatively low level of funding interdependencies with the federal government; History of actively managing long-term expenditure pressure; and Well-managed capital program with what we regard
