The 'AAA' long-term rating on the city of Woodbury, Minn.'s general obligation (GO) capital improvement plan bonds series 2009A and GO tax increment refunding bonds series 2009B reflects, in Standard&Poor's Rating Services' opinion, the city's: Participation in the deep and diverse Minneapolis and St. Paul (Twin Cities) metropolitan area economy, Very strong income and extremely strong wealth levels, Solid financial operations with very strong reserve levels, and Moderate overall debt burden as a percent of market value. The city will use the series 2009A bond proceeds to partially refund its series 2000A certificates of participation and the series 2009B bond proceeds to partially refund its series 2002A GO tax increment bonds. The city is issuing both series of
