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City receives AAA bond rating

Post Date:April 25, 2019 8:30 a.m.

In March 2019, independent bond rating agency Standard & Poor’s (S&P) re-affirmed its highest rating of “AAA” for the City of St. Louis Park. St. Louis Park is one of 26 cities in the state with this rating. Bond ratings are a reflection of the city’s financial strength and stability.

The report highlighted the city’s very strong economy, management, budgetary flexibility and liquidity, in addition to its strong budgetary performance, debt and contingent liability position. With the top credit rating, the City of St. Louis Park receives the lowest possible borrowing costs on current and future debt issuances, and can refinance outstanding debt at lower interest rates.

View S&P's rating report.

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