Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Minneapolis, Minn.'s series 2009B general obligation (GO) various-purpose refunding bonds and series 2009C GO tax-increment refunding bonds and affirmed its 'AAA' rating, with a stable outlook, on the city's existing GO debt. The rating 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 moderate debt levels. The city's full faith and credit pledge secures the bonds. Officials plan to use series 2009B GO various-purpose refunding bond proceeds to refund and restructure the city's series 1999, 2000, and 2004A
