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Consultants: Cottage Grove retains AA rating, but trustees flag elevated debt burden
Summary
Ehlers and S&P materials show the village retained an AA (stable) rating, citing strong reserves and multi-year planning; trustees probed long-term debt projections and asked how reserve levels, levy mechanics and special assessments could be used to manage rising debt burdens.
Consultants reviewed a Standard & Poor's rating update and a sale-day report for the village's recent general-obligation borrowing, telling trustees the village maintained an AA (stable) local-government rating while S&P identified rising debt burden as the primary credit weakness.
"The village's rating is double A stable," the consultant said, and highlighted credit strengths that S&P cited: consistently strong reserves, favorable budget performance and a…
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