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 August 6, 2020. Reasons for the bond rating include:
  • Very strong economy, with access to a broad and diverse metropolitan statistical area (MSA)
  • Very strong management, with strong financial policies and practices under Standard & Poor’s Financial Management Assessment methodology 
  • Adequate budgetary performance 
  • Very strong budgetary flexibility
  • Very strong liquidity
  • Weak debt and contingent liability position
  • Strong institutional framework score