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Wauwatosa Earns Top Rating for Strong Financial Operations

We're maintaining this strong rating while we address significant amounts of deferred infrastructure
Post Date:10/26/2018 1:21 PM

Moody's Investment Service has again awarded Wauwatosa with a Aaa rating for our General Obligation bonds. This is the highest bond rating.

In assigning this rating, the report states, "The Aaa rating reflects the city's large and affluent tax base in close proximity to the city of Milwaukee and strong financial operations supported by healthy reserves."

It adds that our residential and commercial development is a plus and notes our stable and diverse economy.

This rating will result in lower interest rates when the city issues general obligation bonds for projects such as street reconstruction, fire equipment, and public grounds projects. The city maintains this strong rating while we continue to address significant amounts of deferred infrastructure maintenance. This is excellent news we want to share with the community.

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