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.

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