Standard&Poor's Ratings Services affirmed its 'A-' long-term rating on Minneapolis, Minn.'s series 1993 multifamily housing revenue bonds, issued for the Olson Townhouses Section 8-assisted project. The outlook is stable. This is our first review of the rating on the bonds pursuant to our revised criteria, "Rating Methodology And Assumptions For Affordable Multifamily Housing Bonds," published June 19, 2014. The rating reflects our view of the following: The project's strong economic fundamentals and market dependencies, reflecting good demand drivers and a strong local housing market; Strong strategy and management based on the experience and track record of the owner and asset management team; An extremely high loss coverage level on the bonds; Strong financial performance, as reflected by debt
