Waconia Receives Bond Rating Upgrade
Standard & Poor’s recently upgraded the city of Waconia’s general obligation bond rating from AA to AA+, and raised the rating for outstanding lease revenue bonds issued by the Waconia Economic Development Authority from AA- to AA.
According to the Sun Patriot, S&P is widely considered the ranking authority among credit-rating agencies, and the upgrades shows economic strength and vitality.
“The upgrade reflects an economy we now consider very strong, given local economic indicator improvements and a growing tax base,” S&P agency analyst Blake Yocom reportedly said in a press release. “The rating reflects our assessment of the city’s very strong economy, management, budgetary flexibility and liquidity.”
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This local update courtesy of your Waconia Community Expert.