...S&P Global Ratings has assigned its '###' rating to Minneapolis' series 2019 general obligation (GO) improvement and various purpose bonds and its series 2019 taxable GO housing improvement area bonds. At the same time, S&P Global Ratings affirmed its '###' 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 taxes against all taxable property within its borders. The improvement and various purpose bonds are additionally secured by special assessments and net revenues of several of the city's utilities, though we rate the bonds to the city's GO pledge. Proceeds from the improvement and various purpose bonds will finance various public improvements and capital projects, and proceeds for the taxable GO housing improvement area bonds will finance improvements within a housing improvement area. Minneapolis' GO bonds are eligible to be rated above the sovereign because...
