Moody’s upgrades Lindsborg’s GO bond rating to A1
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 [...]