Standard&Poor's Ratings Services assigned its 'AAA' rating, and stable outlook, to Minneapolis, Minn.'s series 2009D taxable general obligation (GO) tax-increment refunding bonds, issued for the Target Center project, 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 2009D bond proceeds to refund the city's series 1995A and 1995B revenue bonds, issued for the arena
