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City receives AAA credit rating

Post Date:November 15, 2019 8:00 a.m.

On Oct. 30, 2019, independent bond-rating agency Standard & Poor’s (S&P) affirmed their AAA credit rating — the highest bond rating — for the City of St. Louis Park. St. Louis Park is one of 26 Minnesota cities with the AAA rating from S&P.

Standard & Poor's rating report reflects the agencies’ view of the many factors that contribute to St. Louis Park’s high rating, including a very strong economy; management; liquidity; budgetary flexibility; and strong budgetary performance, debt and contingent liability position.

The highest bond rating helps to ensure that future St. Louis Park debt will be issued at the lowest possible interest expense and cost to the tax payers. The rating also provides opportunities to refinance outstanding debt at lower interest rates.

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