Sunny News for St. Croix

Moody's Investors Service has upgraded St. Croix County to Aa2 from Aa3, affecting $10.9 million of general obligation debt. The review came ahead of the county's planned issue this week of $3.36 million of taxable promissory notes.

"The Aa2 rating reflects the county's advantageous location in the eastern portion of the Minneapolis metropolitan area, strong financial operations characterized by healthy reserves, and moderate overall direct debt burden with rapidly retired direct obligations," Moody's wrote.

St. Croix, which has experienced double-digit population growth, benefits from prudent management and healthy reserves, and maintains 25% of its budget in undesignated general fund reserves. Officials said they do not expect to issue additional debt in the foreseeable future.

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Wisconsin
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