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The Metropolitan Council, the regional planning agency for Minneapolis and St. Paul, earlier this week received the highest possible bond ratings from both Moody’s and Standard and Poor’s for the council's recent bond sale.
The ratings, Aaa/MIG-1, and AAA/SP1+, reflect the council's financial strength and results in reduced interest costs on bonds sold to finance capital projects, Met Council officials said in a press release.
The council issues debt to fund capital investment in the regional transit system, including in Metro Transit’s light-rail and commuter-rail systems.
Both rating agencies noted the council’s strong liquidity, diverse revenue and operational base, and well-managed financial operations, Met Council officials said.