Bond Rating

Independent bond-rating agencies Standard & Poor's and Moody's Investors Service affirmed their high bond ratings for the City of Edina. Edina is one of just a few communities in the State with both "AAA" and "Aaa" ratings.

Moody's Investors Service in 2000 gave the City of Edina its highest rating, Aaa. In 2002, Standard & Poor's upgraded Edina's general obligation bond rating to AAA, the company's highest rating. The agencies have reaffirmed their ratings several times since, most recently in the fall of 2014.

The ratings reflect the agencies' view of the City's:

  • Participation in the Minneapolis-St. Paul metropolitan area economy and role as a first-ring suburb in the prosperous Twin Cities western suburbs;
  • Continued strong financial performance with very strong fund balance levels on a dollar and percent of expenditure basis;
  • Evidence of continued strong management practices; and
  • Manageable debt burden with a rapid amortization schedule (see the "Edina Debt Profiles" below).

The bond rating upgrade helps to ensure that future Edina debt will be issued with the lowest possible interest expense and cost to the taxpayer.

 

 

 

 

 

 

 

 

 

 

 

 

 

Gift Certificates are available in $5, $10 and $50 denominations and are redeemable at the following locations and for the following services:

Centennial Lakes Park
Edina Aquatic Center
Edina Art Center
Edina Liquor
Edina Senior Center
Edinborough Park
Braemar Golf Dome
Braemar Golf Course Driving Range
Braemar Golf Course Pro Shop Merchandise
City of Edina Utility Bill Payments

Click here to purchase a City of Edina gift certificate online, call 952-927-8861 or visit Edina City Hall, 4801 W. 50th St.

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© 2016 City Of Edina, Minnesota