Moody’s Investors Service last week affirmed the top credit marks held by Cedar Rapids on its $255 million of outstanding general obligation debt as the city seeks to recover from devastating floods that hit last June.

“Moody’s highest quality Aaa rating is based on the city’s stable economy located in eastern Iowa that is expected to withstand near-term devaluation challenges; history of stable financial operations with satisfactory fund balance policies; and average debt burden with future borrowing anticipated,” analysts wrote.

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