Standard&Poor's Ratings Services has affirmed its 'A+' long-term rating on the city of Minneapolis, Minn.'s limited-tax-supported development revenue bonds. The rating reflects the following characteristics: A strong enterprise risk profile, given that the pool has explicit support from Minneapolis to support debt service if needed (with a limit, as described below), but with geographic concentration because the bond program targets one metropolitan area; and A very strong financial risk profile, with loss coverage score, operating performance, and financial policies consistent with this profile. Primarily securing debt service are loan repayments under the city's common bond fund, as well as pledged reserves. The common bond fund currently has 16 loans outstanding for 14 obligors, pledged to $88.8 million of
