Edina, Minn., June 4, 2020 – Independent bond-rating agencies Moody’s Investors Service and S&P Global Ratings recently affirmed their high bond rating for the City of Edina’s $5.26 million General Obligation Bonds.
Moody’s Investors Service first gave the Aaa rating to the City in 2000 and S&P issued an AAA rating in 2003. Finding that Edina has a large and affluent tax base, solid financial operations and reserves, the agencies have upheld those ratings since, again reaffirming them earlier this month. Edina is one of just a handful of cities in the state to have both triple-A bond ratings.
