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Moody's Investors Service <br />99 Chu 0.7101 'i k, N.Y. 10007 <br />December 3,- 99V <br />n18� //`_0 5 01991 <br />/j 1 <br />Mr. Joel Hanson <br />City Administrator <br />City of Little Canada <br />515 Little Canada Road <br />Little Canada, Minnesota 55117 <br />Dear Mr. Hanson: <br />G "� <br />We wish to inform you that our Rating Committee has <br />reviewed and revised the rating of the $1,800,000 Little <br />Canada, Minnesota General Obligation Bonds to be sold <br />December 4, 1991 to A from Baa 1. <br />We have also reviewed and confirmed the rating of A to <br />the outstanding General Obligation State Aid Street Bonds, <br />and we have reviewed and revised the rating of the <br />outstanding Economic Development Authority Public Project <br />Revenue Series 1990 to A from Baa 1. <br />In order that we may maintain this rating over the <br />period of the loan, we will require current financial and <br />other updating information. We will appreciate your <br />continued cooperation in the future. <br />We will appreciate receiving a copy of the Official <br />Statement when available. <br />Should you have any questions regarding the above, <br />please do not hesitate to contact Dov A. Iskowitz at <br />(212) 553 -7936. <br />DAI:wvr <br />Sincerely yours, <br />Daniel N. Heimowitz <br />Executive Vice President <br />Director <br />Public Finance Department <br />cc: Ms. Coral Houle <br />Financial Analyst <br />Springsted, Inc. <br />85 East Seventh Place, Suite 100 <br />St. Paul, Minnesota 55101 <br />Page 1 <br />