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MOODY 9S INVESTORS SERVICE, INC. <br />MeR 99 CHURCH STREET, NEW YORK, N.Y. 10007 (212) 267 - 8800 <br />October 13, 1976 <br />Mr, Jerome L. Hertel <br />Juran & Moody Inc. <br />114 East Seventh St. <br />St. Paul, Minn. 55101 <br />Dear Mr. Hertel: <br />We wish to inform you that our Rating Committee has assigned <br />the rating of Baa 1 to the $190,000 Little Canada, Minnesota <br />General Obligation ULT Bonds scheduled for sale on October 13, 1976. <br />In order that we may maintain the currency of this rating over <br />the period.of the loan, we will require current financial and other <br />updating information. We Will, appreciate your continued cooperation <br />in the future. <br />WW f cm, <br />Sincerely yours, <br />r <br />Jackson Phillips ' <br />E�Cecutive Vice President <br />584 <br />CLERK'S EXHIBIT NO. <br />:MEETING 10-13-76 <br />