S&P Global Ratings has assigned its 'A+' rating to Minneapolis' limited-tax-supported development revenue bonds, common bond fund series 2017-1 and affirmed its 'A+' rating on the city's 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 statistical area (MSA); 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
