TITLE

Waconia's GOs Upped to A

AUTHOR(S)
Shields, Yvette
PUB. DATE
May 2006
SOURCE
Bond Buyer;5/17/2006, Vol. 356 Issue 32383, p35
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports on the Standard & Poor's Corp. that upgraded to A from A-minus the general obligation rating for Waconia, Minnesota in conjunction with this week's sale of $4.31 million in bonds. The upgrade reflects the imposition of substantial management controls that have enhanced the city's ability to support payment on its debt obligations. Its financial controls include long-term capital and operating planning and constant communication between management and elected city council.
ACCESSION #
21470267

 

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