Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Minneapolis, Minn.'s series 2011 tax-exempt general obligation (GO) convention center refunding bonds and series 2011 taxable GO convention center refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the city's existing GO debt. The rating reflects our view of the city's: Deep and diverse economic base; Role as a regional economic center for the upper Midwest; Strong financial management, bolstered by good fund balances; History of actively managing long-term expenditure pressures; and Well-managed capital program with moderate debt levels. The city's full faith and credit pledge secures the bonds. Proceeds from both the series 2011 tax-exempt and taxable GO convention center refunding bonds will
