Standard & Poor’s last week upgraded by two notches to A-plus its rating on Osseo’s general obligation debt due to its firm financial position and maintenance of very strong reserves. The city has an upcoming sale of $5.3 million of GOs.

Analysts said the rating reflects the city’s participation in the Minneapolis-St. Paul metropolitan area and wealth and income indicators that range from good to extremely strong.

Osseo has historically maintained a very strong general fund balance position. As of fiscal year-end Dec. 31, 2007, the city’s unreserved balance was $623,000, or 45.6% of expenditures.

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