Credit Rating

Standard and Poor's Rating Services

Standard and Poor’s Rating Services has assigned a bond rating of “AA+” to the City of Waconia’s bonds effective May 11, 2023. Reasons for the bond rating include:
  • Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA)
  • Strong financial management assessment and institutional framework score
  • Very strong financial profile given management's practices and policies and the growing economy
  • Weak debt and contingent liability position
Access the last S&P document confirming city’s bond rating (PDF).