S&P Global Ratings has assigned its 'AA+' rating and positive outlook to the State of Minnesota's general obligation (GO) bonds, series 2016 A through D. At the same time, S&P Global Ratings affirmed its 'AA+' rating on Minnesota's GO debt, its 'AA' rating on the state's appropriation-backed debt, and its 'A+' rating on the state's moral obligation debt. The outlook on all ratings is positive. Credit factors supporting the ratings include our view of the state's: Deep and diverse economy, with the Minneapolis-St. Paul metropolitan statistical area (MSA), the center of the upper Midwest economy, anchoring regional economic hubs; Improved financial results, including the restoration of reserves and improved structural balance; and Moderate debt levels, with well-defined debt management guidelines,
