S&P Global Ratings assigned its 'AAA' long-term enhanced rating and 'A+' underlying rating to Minneota Independent School District No. 414 (Minneota Public Schools), Minn.'s $2.4 million series 2023A general obligation (GO) and series 2023B taxable GO bonds. The outlook is stable. The series 2023A and 2023B bonds are secured by the district's unlimited ad valorem tax GO pledge. The 'AAA' long-term rating reflects the security provided by the district's participation in the State of Minnesota's Credit Enhancement Program. The program rating reflects that of Minnesota and moves in tandem with the state's GO rating and outlook. The series 2023A and 203B bonds will finance various technology upgrades for the district. The rating is supported by the rural district's stable local
