The 'AAA' rating on Minneapolis, Minn.'s GO various purpose bonds series 2007 reflects 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 reasonable debt levels. The 'AAA' rating on the city's outstanding GO debt has been affirmed. The bonds are secured by the city's full faith and credit pledge. Bond proceeds will finance various improvements, such as water and sewer projects and capital improvements within the city. Minneapolis (population: 383,000) and St. Paul form the Twin Cities, which are the upper Midwest's hub for economic activity. A strong service and trade base,
