Lang
7/17/22
The city of North Liberty’s General Obligation Bonds have earned an Aa2 bond rating.
That’s according to Moody’s, a service that provides credit ratings for municipalities. The company has rated North Liberty’s coming general obligation bond sale Aa2, meaning Moody’s sees it as high quality and “very low” risk. Moody’s says 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, a trail along Forevergreen Road, and water and wastewater infrastructure to serve the city’s southwest growth. The high rating means the city will pay lower interest rates for the completion of those projects.