Standard&Poor's Rating Services assigned its 'AA' long-term rating and stable outlook to Minnesota Office of Higher Education's Supplemental Student Loan Program revenue bonds 2010 series. The rating reflects what we view as the state of Minnesota's moral obligation pledge to replenish any insufficiencies in the debt service reserve fund. The bonds are special, limited obligations of the issuer, payable solely from student loans, money, and investments held by the trustee and pledged by the issuer as part of the trust estate created by the indenture. The bonds are further secured by monies in the debt service reserve fund, which will be funded at maximum annual debt service. Under Chapter 136A.1787 of Minnesota Statues 2009, in order to ensure
