The 'A' rating on Hazelwood Industrial Development Authority, Mo.'s series 2007 annual appropriation capital projects bonds reflects the city of Hazelwood's pledge to pay debt service, subject to annual appropriation, according to a financing agreement between the authority and the city. The 'A+' issuer credit rating (ICR) on the city reflects its: Participation in the diverse St. Louis metropolitan area economy; Substantial and diverse job base in spite of having recently lost a major employer, Average income levels, Good financial operations with growing reserves following property and sales tax increases, and Moderate debt burden. Series 2007 bond proceeds will be used to finance a wildlife museum and aquarium that will be located within a Cabela's retail store that is now
