Summary: Minneapolis, Minnesota; General Obligation

S&P Global Ratings assigned its 'AAA' rating to Minneapolis, Minn.'s series 2017 general obligation (GO) improvement and various purpose bonds, and to its taxable GO sales tax refunding bonds. At the same time, we affirmed our 'AAA' ratings on the city's existing GO debt. The outlook is stable. The GO improvement and various purpose bonds are secured by the city's GO pledge and are payable from ad valorem tax against all taxable property within the city without limit as to rate or amount. The bonds are additionally secured by special assessment revenue, though we rate the bonds to the city's GO pledge. Officials will use bonds proceeds for various capital improvement projects and to refund a portion of its outstanding

...S&P Global Ratings assigned its '###' rating to Minneapolis, Minn.'s series 2017 general obligation (GO) improvement and various purpose bonds, and to its taxable GO sales tax refunding bonds. At the same time, we affirmed our '###' ratings on the city's existing GO debt. The outlook is stable. The GO improvement and various purpose bonds are secured by the city's GO pledge and are payable from ad valorem tax against all taxable property within the city without limit as to rate or amount. The bonds are additionally secured by special assessment revenue, though we rate the bonds to the city's GO pledge. Officials will use bonds proceeds for various capital improvement projects and to refund a portion of its outstanding series 2015A GO note. The taxable GO sales tax refunding bonds are secured by sales tax revenues and by the city's GO pledge, though we rate to the GO pledge. Officials will use proceeds to refund a portion of the city's outstanding series 2016 taxable GO sales tax revenue...

Summary