Allen E. Hoppe, CFA, CTP, Director - Banking, Investments and Debt
Minneapolis, MN
Minneapolis, MN
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Fitch Ratings - Chicago - 18 Sep 2024: Fitch Ratings has assigned a 'AAA' rating to $123,590,000 of general obligation (GO) bonds series 2024 to be issued by the city of Minneapolis, MN.
Proceeds are being used to finance the construction of various assessable public projects, utility system improvements, and other capital projects. The bonds are expected to sell during the week of September 30.
In addition, Fitch has affirmed the 'AAA' ratings on the following city of Minneapolis, MN securities:
--Approximately $813.85 unlimited tax general obligation (ULTGO) bonds;
--Long-Term Issuer Default Rating (IDR).
The Rating Outlook is Stable.