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Moody's Investors Service has upgraded the St. Louis Art Museum's (MO) (SLAM) Issuer Rating to Aa2, reflecting excellent fiscal management contributing to superior cash flow and reserve growth. The outlook is stable.SLAM's Aa2 rating reflects the museum's highly liquid financial resources supporting debt and operations. The rating also incorporates its strong fiscal discipline and consistently excellent cash flow. The rating acknowledges the credit stability provided by the property tax support from a Zoo Museum Taxing District which includes portion of Aaa-rated St. Louis County and A3-rated City of St. Louis. Offsetting these are the museum's small scale, and limited prospects for material revenue growth.
