FOR IMMEDIATE RELEASE
February 5, 2024
City of Eagan Continues to Earn Highest Credit Rating
Moody's again gives Eagan a Aaa credit rating.
Eagan, Minn - The City of Eagan has again been assigned a triple-A rating by Moody's Investors Service. This rating reflects the City's solid economic base and strong cash and fund balance ratios. The Moody’s rating also notes the City’s good fiscal stewardship.
“Eagan’s Aaa credit rating means we have the fiscal strength to issue bonding at good interest rates,” says Eagan’s Director of Finance Josh Feldman. “This puts us in the strongest position possible to invest in our community, public places and spaces, infrastructure, and other work.”
Feldman continued, “we are proud of our fiscal continuity, low debt, and strong management, which helps our local economy and everyone thrive in Eagan.”
One visible outcome of this strong credit rating is the City’s ability to re-envision Parks & Recreation facilities including the Eagan Art House, the Goat Hill pavilion, and the Eagan Community Center. Borrowing money at good rates allows Eagan to continue to invest in recreational opportunities, which rank high on resident value surveys.