S&P Global Ratings has affirmed its 'A+' rating on Minneapolis' outstanding common bond fund limited-tax-supported development revenue bonds. The outlook is stable. 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 strong financial risk profile, reflecting its loss coverage score (LCS), operating performance, and financial policies. Also supporting the rating is the existence of an ongoing standby levy of 0.5% within the city to repay debt service. The current net tax capacity would provide $2.46 million in revenues annually. We view this s
