[Editor's note: A version of this media release published earlier today stated an incorrect dollar amount for the new issue. The correct amount is $3.055 million. The corrected version follows.] CHICAGO (Standard&Poor's) Feb. 28, 2005—Standard&Poor's Ratings Services has raised its rating on West Des Moines, Iowa's outstanding GO debt to 'AAA' from 'AA+', based on continued strong management of the city's high growth rate, along with strong management of the city's financial position. The outlook is stable. At the same time, the rating agency assigned its 'AAA' rating to the city's $3.055 million general obligation bonds series 2005A. The rating also reflects participation and access to the larger Des Moines area economy, strong population and tax
