The 'AAA' rating on Minnesota's GO tax-exempt and taxable state bonds reflects the following credit factors: A deep and diverse economy, supported by several regional economic hubs and anchored by the Minneapolis-St. Paul MSA, the center of the upper-Midwest economy; Evidence of a resurgence in the state's economy through a reversal in the trend of unemployment statistics; Continued strong management, which, through addressing both short- and long-term structural issues, has restored liquidity levels in the general fund while also rebuilding the state's reserve levels over the biennium; and Moderate debt levels with rapid amortization and internal controls, which keep debt levels manageable. A rebounding economy and accurate revenue forecasts have allowed Minnesota to move back toward fiscal stability. The biennium
