Minneapolis, MN
Minneapolis outlook lifted to positive by Moody’s
![Minneapolis outlook lifted to positive by Moody’s](https://arizent.brightspotcdn.com/dims4/default/0705612/2147483647/strip/true/crop/712x374%200%2036/resize/1200x630!/quality/90/?url=https://source-media-brightspot.s3.us-east-1.amazonaws.com/a9/28/522871224bcabcf7b0597e6fe634/adobe-stock-547874327-minneapolis-cropped.jpg)
Minneapolis received a bump from Moody’s Investors Service, which revised its outlook on the city to positive from stable and affirmed its Aa1 issuer and general obligation unlimited tax bond ratings.
The Nov. 29 action affects about $875 million of GO debt, Moody’s said.
“The positive outlook is based on improving credit metrics including growing full value per capita, strengthening resident income relative to the nation and moderation of leverage,” the rating agency said. “It also incorporates our expectation that property tax revenues will remain strong and reserves ample even if certain segments of the tax base weaken such as commercial real estate.”
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Fitch Ratings upgraded Minneapolis to AAA in August. S&P Global Ratings assigns its AAA rating to Minnesota’s most populous city.
Minneapolis has for several years used only S&P and Fitch to rate new deals.
“We are grateful that Moody’s continues to review the city and rate bonds they originally rated,” Allen Hoppe, the city’s debt director, said in an email.
“As a AAA credit, the city uses just two of the three main muni rating agencies for its conventional debt issuances because it has not found an increase in the number of bidders or a detectible lower TIC when using more than two,” he said. “The last sale had 10 bidders.”
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Minneapolis, MN
Woman found seriously wounded after being shot in south Minneapolis
Minneapolis, MN
MPD need help finding missing 8-year-old Kaiyan Wright
![MPD need help finding missing 8-year-old Kaiyan Wright](https://assets3.cbsnewsstatic.com/hub/i/r/2024/06/16/39b8c126-9b26-40a0-a6de-a044159178bc/thumbnail/1200x630/154445ce5dd107c742aa86cac0f96652/kaiyan-wright.jpg?v=5842509bb796a146f9b20d3e8b03dac6)
MINNEAPOLIS — update: Police say that the 8-year-old has been found safe.
Original story:
Minneapolis Police are asking for the public’s help in finding a missing 8-year-old.
Police say that he was last seen around 4 P.M. Saturday near 34th and Emerson Avenue North. He was riding a green electric scooter at the time.
According to police, Wright was wearing a maroon sweatshirt, blue shorts and red and white croc shoes.
He is 5’3″ and has brown hair.
Police say that anyone who sees Kaiyan is asked to call 911 immediately.
Minneapolis, MN
Woman critically injured in shooting near encampment
![Woman critically injured in shooting near encampment](https://kstp.com/wp-content/uploads/2024/05/MPLS-ENCAMPMENT-SHOOTING_PKG_00.00.50.28.jpg)
A woman in her 20s was seriously injured after a shooting near an encampment in Minneapolis on Saturday.
A spokesperson for Minneapolis police said officers responded to the 2800 block of Park Avenue around 6 p.m. on a report of a shooting.
Law enforcement on Park Avenue found evidence of gunfire while the victim was located in an encampment on Columbus Avenue and 28th Street.
She was brought to Hennepin Healthcare for treatment of a life-threatening injury, according to Minneapolis police.
There have been no arrests or word on what led up to the shooting.
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