Standard&Poor's Ratings Services' assigned its 'AAA' long-term rating and stable outlook to Minneapolis, Minn.'s series 2010 general obligation (GO) tax increment refunding bonds, GO tax increment refunding bonds (West Side Milling), GO various purpose bonds, and GO refunding bonds. We also affirmed the 'AAA' rating on the city's previously issued 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. The series 2010 (GO) tax increment refunding bonds, GO tax increment refunding bonds
