Minnesota

Standard & Poor's outlook on the University of Minnesota Regents' rating has dimmed due to pressures posed by the state flagship school's increasing debt load.

Minnesota's flush coffers and structural budget balance led Standard & Poor's to revise its outlook on the state's AA-plus rating to positive from stable.

Minnesota takes competitive bids Wednesday on $1.1 billion of its high-grade general obligation paper to finance projects and refund debt for savings in a deal that marks the state's single largest issuance of general obligation paper.

Standard & Poor's says Children’s Hospitals and Clinics of Minnesota could win an upgrade if its operations remain on the upswing.

Moody’s Investors Service has raised Minneapolis-based Fairview Health Services’ rating by one level to A2 ahead of its upcoming revenue bond sale for $120 million.

The Metropolitan Council of the Twin Cities takes competitive bids June 8 on $150 million of general obligation bonds to fund parks, transit, and wastewater projects in the region.

A $525 million boost in state public education funding over the next two years is a credit positive for Minnesota’s school districts, Moody’s Investors Service said Friday.

The Minnesota Vikings and U.S. Bank have struck a 20-year naming rights agreement on the National Football League team’s new publicly subsidized stadium that opens next year.

St. Olaf College in Minnesota has its rating affirmed by Moody’s Investors Service as the school heads into the market with a $54.4 million new money and refinancing issue.

Minnesota’s HealthEast Care System will make a rare appearance in the market this week with a debt restructuring aimed at strengthening its balance sheet.

Moody's Investors Service dropped Steele County, Minn.’s general obligation rating by four levels due the strain of enterprise systems and a senior living facility on its balance sheet.

Moody's Investors Service has upgraded Polk County, Minn.'s rating to Aa2 from Aa3 thanks to its healthy reserves and growing tax base.

Three Minnesota cities disclosed this month that they can redeem Build America Bonds because their federal subsidy payments have been reduced due to sequestration.

The Minnesota Senate passed legislation banning state taxpayer aid for a proposed $120 million open-air Major League soccer stadium in Minneapolis.

Minnesota lawmakers should use the state's budget surplus for education and other services and approve new borrowing for transportation and infrastructure to make a lasting imprint on the state landscape, Gov. Mark Dayton urged in his state of the state address.

Minnesota Gov. Mark Dayton unveiled an $842 million bond-financed capital budget, promoting it as a means to create thousands of jobs while improving the state's infrastructure and economy.

Moody’s Investors Service placed Steele County, Minn.’s ratings on review for a possible downgrade as several enterprise fund commitments strain its books.

Minnesota Republicans on Monday proposed a $7 billion, 10-year plan to fund transportation work without a tax hike.

Minnesota's latest revenue forecast added another $800 million to a projected surplus, more than doubling the extra revenue expected in the next biennium.

Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.