S&P Global Ratings assigned its 'AA+' rating to the City of St. Louis Park, Minn.'s series 2020A multifamily housing revenue bonds, issued for Oak Park Village Partners LP's Oak Park Village Apartments project. The outlook is stable. This rating reflects our opinion of the project's: Sufficient collateral and interest earnings to pay principal and interest on all bonds through mandatory tender on Sept. 1, 2021; Very high-quality investments, including U.S. government obligations, AAAm-rated money market funds, and state and local government obligations that meet our minimum requirements commensurate with the bond rating; Sufficient investment provisions to ensure timely disbursement for all payment events, including semiannual interest payments, prepayments, or acceleration; and Transaction structure that mitigates bankruptcy related risk in a
