...S&P Global Ratings assigned its '###' rating to Minneapolis, Minn.'s series 2018 general obligation (GO) improvement and various-purpose bonds and series 2018 taxable GO bonds. At the same time, we affirmed our '###' ratings on the city's existing GO debt. The outlook is stable. Each series of bonds is secured by the city's full faith and credit GO pledge and ability to levy unlimited ad valorem tax against all taxable property within its borders. The improvement and various-purpose bonds are additionally secured by special assessment revenue, and proceeds will be used to finance various public improvements. A small portion of the taxable series will be payable from fees levied on property in a housing improvement area in the city, with proceeds to be used to finance improvements in that area, while the remainder of the 2018 proceeds will refund the city's outstanding series 2016 taxable GO sales tax revenue note. The city's GO bonds are eligible to be rated above the sovereign because...
