Moody’s Investors Service has upgraded the City of Lindsborg, KS’ general obligation unlimited tax bonds to A1 from A2. … This action concludes a review for possible upgrade that was initiated on November 3, 2022 in conjunction with the release of the US Cities and Counties Methodology. … The A1 issuer rating incorporates a stable economic base, strong financial position, and low leverage that will grow in the near term. … The rating also incorporates the city’s very strong reserves that are anticipated to marginally decline on a nominal basis in the near term, but remain very strong as a percent of revenue.
Source: Moody’s
