Summary: Minneota Independent School District No. 414, Minnesota; School State Program

S&P Global Ratings assigned its 'AA+' rating to Minneota Independent School District No. 414, Minn.'s series 2018A general obligation (GO) school building bonds. The outlook is stable. The 'AA+' rating reflects the district's the district's eligibility for and participation in Minnesota's School District Credit Enhancement Program, which provides the security of a standing appropriation from Minnesota's general fund in the event of a school district debt payment default. The rating and outlook are on par with and move in tandem with the state of Minnesota's GO rating and outlook. Officials will use bond proceeds for the improvement of school sites and facilities. In addition, the bonds are valid and binding general obligations of the district. All taxable property in the

...S&P Global Ratings assigned its '##+' rating to Minneota Independent School District No. 414, Minn.'s series 2018A general obligation (GO) school building bonds. The outlook is stable. The '##+' rating reflects the district's the district's eligibility for and participation in Minnesota's School District Credit Enhancement Program, which provides the security of a standing appropriation from Minnesota's general fund in the event of a school district debt payment default. The rating and outlook are on par with and move in tandem with the state of Minnesota's GO rating and outlook. Officials will use bond proceeds for the improvement of school sites and facilities. In addition, the bonds are valid and binding general obligations of the district. All taxable property in the territory of the district is subject to ad valorem taxation without limitation as to rate or amount....

Summary