St. Paul Park city bond rating increased to AA
For the first time in five years, the city of St. Paul Park’s bond rating increased.
Standard & Poor’s, an international market credit rating firm, re-evaluated the city’s bond rating, bumping it up from AA- to AA. The rating is two below the firm’s highest rating, AAA.
The upgraded bond rating allows the city to secure lower interest rates on bonds to finance capital improvement city and equipment.