Standard & Poor’s Affirms City of Redwood Falls ‘AA’ Credit Rating

On September 14, Standard & Poor’s Global Ratings has affirmed the City of Redwood Falls ‘AA’ credit rating and stable outlook for its upcoming 2018A General Obligation Water Revenue Bonds and its existing General Obligation debt.

In its rating rationale, S&P Global indicated that the credit rating reflects its opinion of the City’s strong management with good financial policies, strong budgetary performance, very strong budgetary flexibility, very strong liquidity and very strong debt-and-contingent-liability position.

The City of Redwood Falls intends to use series 2018A bond proceeds to finance the Bridge Street Water Reconstruction Project.

Share this article

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn
  • Google Plus