S&P Global Ratings has assigned its 'AAA' rating to Minneapolis' series 2019 general obligation (GO) green bonds. At the same time, S&P Global Ratings affirmed its 'AAA' ratings on the city's existing GO debt. The outlook is stable. The series 2019 bonds are secured by the city's unlimited-tax, full faith and credit GO pledge. Proceeds will be used for the construction, furnishing, and equipping of a new public service center. Minneapolis' GO bonds are eligible to be rated above the sovereign because we believe the city can maintain better credit characteristics than the U.S. in a stress scenario. Under our criteria, titled "Ratings Above The Sovereign—Corporate And Government Ratings: Methodology And Assumptions" (published Nov. 19, 2013), U.S. local governments are
