City of Waterloo Holds On to Bond Rating
City Council Agrees to Sell $20.9-million Worth
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In Waterloo this week, the City Council held a special meeting to approve the sale of just under $21-million in bonds to pay for several capital projects and equipment.

Moody’s Investors Service again issued a rating of Aa2 (double-a-2), based on what it called Waterloo’s large, diverse tax base and sound financial management.

Moody’s also warned, though, of higher debt and pension obligations.

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