Summary: Minneapolis, Minnesota; General Obligation

Standard&Poor's Ratings Services assigned its 'AAA' long-term rating to Minneapolis, Minn.'s series 2014 general obligation (GO) improvement bonds and series 2014 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 city's unlimited-tax GO pledge secures both series of bonds. The improvement bonds also are payable from special assessments, and the various purpose bonds also are payable from net revenue of the city's water system, but our rating is based on the unlimited-tax GO pledge. The city will use the bond proceeds for capital projects. The rating reflects our assessment of the following factors for the city: Strong economy, which benefits from

...Standard & Poor's Ratings Services assigned its '###' long-term rating to Minneapolis, Minn.'s series 2014 general obligation (GO) improvement bonds and series 2014 GO various purpose bonds. At the same time, we affirmed our '###' long-term rating on the city's previously issued GO debt. The outlook is stable. The city's unlimited-tax GO pledge secures both series of bonds. The improvement bonds also are payable from special assessments, and the various purpose bonds also are payable from net revenue of the city's water system, but our rating is based on the unlimited-tax GO pledge. The city will use the bond proceeds for capital projects. The rating reflects our assessment of the following factors for the city: Strong economy, which benefits from participation in the broad and diverse economy of the Minneapolis-St. Paul metropolitan statistical area (MSA);...

Summary