Standard&Poor's Ratings Services has assigned its 'AA' rating to Minnesota Housing Finance Agency's state appropriation bonds (housing infrastructure), series 2015A and B, which are supported by appropriations from Minnesota. At the same time, Standard&Poor's affirmed its 'AA+' rating on the state's general obligation (GO) debt outstanding, its 'AA' rating on other debt outstanding supported by Minnesota's appropriations and its 'A+' rating on moral obligation debt. The outlook on all these ratings is stable. 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
