Standard&Poor's Ratings Services has assigned its 'AA+' rating with a stable outlook to the University of Minnesota Regents' special purpose revenue bonds, series 2010A. The rating reflects the security provided by general fund annual appropriations from the state of Minnesota, which are appropriated specifically for and pledged to debt service payments on the bonds, pursuant to Minnesota Statutes Sections 137.61 to 137.65 and a biomedical science research facilities funding program act between the state and the university. Other than state appropriations received from the state specifically for debt service payments on the bonds, no other revenues of the university are pledged for debt service. The rating thus reflects the credit characteristics of the state of Minnesota (AAA/Stable GO
