Minneapolis has held on to its high ratings from three separate agencies, officials said Friday.
Two agencies, Fitch Ratings and Standard and Poor's Ratings Services, maintanted a AAA rating for the city, its top level. Moody's kept the city at an Aa1 rating, its second-highest designation. Minneapolis officials noted that fewer than 10 percent of cities have at least an Aa1 rating from Moody's.
The city said Fitch Ratings made note of Minneapolis' financial stability and "healthy reserve levels," while Moody's pointed to the city's good management of financial operations and strength in long-term financial planning.
The agencies' ratings affect the rates at which cities can borrow money.
