Summary: Regents of the University of Minnesota; Appropriations

S&P Global Ratings assigned its 'AA+' rating to Regents of the University of Minnesota's approximately $95.6 million special purpose revenue refunding bonds, series 2021A, and $31.0 million special purpose revenue taxable refunding bonds, series 2021B, both of which are supported by general fund continuing appropriations from the State of Minnesota. The outlook is stable. The series 2021A bonds will provide for a current refunding of the series 2010A and 2011B special purpose revenue bonds for interest cost savings. The series 2021B bonds will provide for an advance refunding of the series 2013C special purpose revenue bonds for interest cost savings. We rate the bonds 'AA+' based on the application of our "Issue Credit Ratings Linked To U.S. Public Finance Obligors?

...S&P Global Ratings assigned its '##+' rating to Regents of the University of Minnesota's approximately $95.6 million special purpose revenue refunding bonds, series 2021A, and $31.0 million special purpose revenue taxable refunding bonds, series 2021B, both of which are supported by general fund continuing appropriations from the State of Minnesota. The outlook is stable. The series 2021A bonds will provide for a current refunding of the series 2010A and 2011B special purpose revenue bonds for interest cost savings. The series 2021B bonds will provide for an advance refunding of the series 2013C special purpose revenue bonds for interest cost savings....

Summary