The 'AAA' long-term rating on the city of Woodbury, Minn.'s general obligation (GO) equipment certificates of indebtedness series 2009C 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 2009C bond proceeds to conduct an energy efficiency project at the sports center. The city's unlimited-tax GO pledge secures the bonds, but management indicates that the intended source of payment is from energy savings. The city may elect to issue the series 2009C
