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Bond Ratings and Official Statements

On May 20th, 2014 the sale of $6,800,000 General Obligation Corporate Purpose Bonds was adopted by the City Common Council.

To view the complete Offering Statement please click on the link below.

2014A Official Statement

As stated in the City's Debt Policy, this issuance was rated by two rating agency's, Moody's Investors Service and Standard and Poor.

STANDARD AND POOR

The City received a AA/Stable rating due to the agency's assessment of the following factors:

    - Adequate economy
    - Strong Management with good financial policies
    - Very Strong budgetary flexibility
    - Strong budgetary performance
    - Very Strong liquidity
    - Adequate debt and contingent liabilities position

To view the complete rating report please click on the link below.

Standard and Poor 2015 AA Rating

Moody's Investors Service

The City received a Aa2 rating due to the agency's assessment of the following factors:
    
    - Large suburban tax base
    - Strong financial operations with healthy reserves
    - Consecutive operating surpluses
    - Modest Exposure to unfunded pension liabilities

To view the complete Moody's published report please click on the link below

Moody's 2015 Aa2 Rating



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