The 'AAA' rating on Minneapolis, Minn.'s general obligation (GO) library and various purpose bonds series 2008 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' and 'AAA/A-1+' ratings on the city's previously issued GO debt have been affirmed. The 'A-1+' short-term component of the rating reflects a liquidity facility from Dexia Credit Local. The city's full faith and credit pledge secures the bonds. The city will use bond proceeds for library improvements and other city projects. Minneapolis (population: 382,400) and St. Paul form the Twin Cities,
