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CC PACKET 04082003
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CC PACKET 04082003
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Last modified
12/30/2015 8:00:44 PM
Creation date
12/30/2015 8:00:40 PM
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SP Box #
29
SP Folder Name
CC PACKETS 2001-2004
SP Name
CC PACKET 04082003
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Moodies Investom Service Municipal Credit Research <br /> G10bW CMdh R@S'e1VhNew Issue <br /> Published 20 Mar 2003 <br /> St. Anthony (City of) MN <br /> Contacts <br /> John Crawford 312-706-9964 <br /> Julia Harris 312-706-9969 <br /> Douglas Benton 214-220-4381 <br /> Moody's Rating <br /> Issue Rating <br /> General Obligation Improvement Bonds, Series 2003A Al <br /> Sale Amount $1,700,000 <br /> Expected Sale Date 03/25/03 <br /> Rating Description General Obligation Unlimited Tax <br /> -General Obligation Water and Sewer Revenue Bonds, Series <br /> 2003B Al <br /> Sale Amount $2,200,000 <br /> Expected Sale Date 03/25/03 <br /> Rating Description General Obligation Unlimited Tax <br /> General Obligation Equipment Certificates of Indebtedness, <br /> Series2003C Al <br /> Sale Amount $320,000 <br /> Expected Sale Date 03/25/03 <br /> Rating Description General Obligation Unlimited Tax <br /> MOODY'S INVESTORS SERVICE ASSIGNS Al RATING TO CITY OF ST. ANTHONY <br /> (MN) $4:2 MILLION GENERAL OBLIGATION BONDS, SERIES 2003 <br /> Al AFFIRMATION AFFECTS $14.9 MILLION IN PARITY DEBT, INCLUDIING <br /> CURRENT ISSUE <br /> Opinion <br /> Moody's Investors Service has assigned an Al rating to the City of St. Anthony, <br /> MN's $1,700,000 General Obligation Improvement Bonds, Series 2003A, <br /> $2,200,000 General Obligation Water and Sewer Revenue Bonds, Series 2003B, <br /> and $320,000 General Obligation Equipment Certificates of Indebtedness, Series <br /> 2003C. At this time Moody's has also affirmed the Al rating on the city's $10.7 <br /> million of outstanding general obligation debt. Proceeds from this issue, supported <br /> by special assessments and secured by the city's general obligation, unlimited tax <br /> pledge, will finance various capital improvement projects. The Al rating reflects the <br /> city's steadily expanding tax base in a favorable location near the Twin Cities,.trend <br />
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