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Moody's Ratings U.S. Public Finance <br />Rating methodology and scorecard factors <br />The US Cities and Counties Methodology includes a scorecard, which summarizes the rating factors generally most important to city <br />and county credit profiles. Because the scorecard is a summary, and may not include every consideration in the credit analysis for a <br />specific issuer, a scorecard-indicated outcome may or may not map closely to the actual rating assigned. <br />Exhibit 6 <br />Lake Elmo (City of) MN <br />Measure Weight Score <br />Economy <br />Resident income ratio 186.9%10.0%Aaa <br />Full value per capita 281,226 10.0%Aaa <br />Economic growth metric -0.8%10.0%Aa <br />Financial Performance <br />Available fund balance ratio 148.5%20.0%Aaa <br />Liquidity ratio 224.3%10.0%Aaa <br />Institutional Framework <br />Institutional Framework Aaa 10.0%Aaa <br />Leverage <br />Long-term liabilities ratio 321.3%20.0%A <br />Fixed-costs ratio 22.3%10.0%Baa <br />Notching factors <br />Potential for significant change in leverage 0.5 <br />Scorecard-Indicated Outcome Aa2 <br />Assigned Rating Aa1 <br />The Economic Growth metric cited above compares the five-year CAGR of real GDP for Minneapolis-St. Paul-Bloomington, MN-WI Metropolitan Statistical Area to the five-year CAGR of <br />real GDP for the US. <br />Sources: US Census Bureau, Lake Elmo (City of) MN’s financial statements and Moody’s Ratings <br />5 2 July 2025 City of Lake Elmo, MN: Update to credit analysis