Minnesota Housing Finance Agency's Housing Bonds Series 2011 Rated 'AA+' Jan 11

Standard & Poors, January 2011

Abstract
CHICAGO (Standard & Poor's) Jan. 31, 2011--Standard & Poor's Ratings Services has assigned its 'AA+' long-term rating to Minnesota Housing Finance Agency's nonprofit housing bonds, series 2011, which reflects the state's covenant to appropriate monies sufficient to pay annual debt service. At the same time, Standard & Poor's affirmed its 'AAA' rating on the state's general obligation-backed debt. The outlook is stable. Credit factors supporting the rating include our view of Minnesota's deep and diverse economy supported by several regional economic hubs and anchored by the Minneapolis-St. Paul metropolitan statistical area, the center of the upper Midwest economy. "The rating reflects our view of Minnesota's continued strong management that remains committed to structural balance and maintenance of reserves while the...

Companies mentioned in this report are:
- Minnesota
- Minnesota Hsg Fin Agy

Action: Affirmed
Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Minnesota
- Minnesota Hsg Fin Agy

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