Moody’s Upgrades Okoboji’s GO Rating to AA3

Okoboji, Iowa is a moderately sized city that serves as a vacation destination in Northwest Iowa. The City’s credit profile benefits from a stable operating history with strong reserves, ample revenues raising flexibility, and a very low pension burden. On August 15th, 2018 Moody’s Investors Services upgraded the City’s general obligation unlimited tax rating to AA3 from A1. The move from A1 to AA3 could be consider going from ‘High Grade Credit’ to ‘Very High Grade Credit’.

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