Standard&Poor's Ratings Services has assigned its 'AA' rating to Minnesota Housing Finance Agency's state appropriation bonds (housing infrastructure), series 2014A and B, which are supported by appropriations from Minnesota. The outlook is stable. At the same time, Standard&Poor's affirmed its 'AA' rating, and stable outlook, on other debt outstanding supported by Minnesota's appropriations. Credit factors supporting the ratings include our view of the state's: Deep and diverse economy, with the Minneapolis-St. Paul metropolitan statistical area, the center of the upper Midwest economy, anchoring regional economic hubs; Improved financial results, including the restoration of reserves and repayment of deferrals; financial management and timely budget adjustments will be an important credit consideration in the next several years, in
