Standard&Poor's Ratings Services has assigned its 'AA+' long-term rating to Minneota Independent School District No. 414, Minn.'s series 2016A general obligation (GO) alternative and capital facilities bonds. The outlook is positive. The rating reflects our assessment of the district's eligibility for, and participation in, the Minnesota State Standing Appropriation program, which provides the security of a standing appropriation from Minnesota's general fund in the event of a school district debt payment default. For more information on the program rating, see our report published Aug. 7, 2015, on RatingsDirect. Standard&Poor's rates four different types of state programs, in more than 20 states, that provide enhancement for school bond issues. These program types include state guarantee, permanent fund,
