North Liberty’s General Obligation Bonds Assigned Aa2 Rating
Moody’s, a service that provides credit ratings for municipalities, among other services, has rated North Liberty’s coming general obligation bond sale Aa2, denoting its high quality and “very low” risk. The Aa2 rating reflects the city’s moderately sized tax base with a history of rapid appreciation, economic ties to the area, significant population growth and a healthy financial profile supported by strong reserves.
Sales of the bonds, which will occur at a future date to investors via bid, will help pay for construction of Ranshaw Way, trail along Forevergreen Road and water and waste water infrastructure to serve city’s southwest growth.
North Liberty’s fiscal management has lead to high credit ratings from rating agencies, typically higher than those offered to cities our size. These high ratings in turn offer the city low interest rates for the completion of public projects.