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Council Bluffs staff hear Moody’s scorecard explanation; city’s GO bonds drew competitive bids
Summary
Financial advisor John Burmeister reviewed Moody’s credit scorecard for Council Bluffs and staff reported competitive bids for two general‑obligation bond series, with awards recommended to Robert W. Baird (Series 2025A) and Piper Sandler (Series 2025B).
Council Bluffs officials reviewed Moody’s credit methodology and the results of the city’s general‑obligation bond sale during the council meeting.
John Burmeister, a financial adviser from PFM, told the council the city’s quantitative credit score is built from economy, financial performance, institutional framework and leverage factors. “This is called the credit opinion from Moody’s Investor Service,” Burmeister said as he walked the council through the agency’s scorecard and how the city’s measures map to Moody’s rating categories.
Burmeister said the scorecard calculation…
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