CHICAGO (Standard&Poor's) April 20, 2009--Standard&Poor's Ratings Services has assigned its 'AAA' long-term rating to the city of Woodbury, Minn.'s $5.565 million general obligation (GO) capital improvement plan bonds series 2009A and $1.465 million GO tax increment refunding bonds series 2009B. The outlook is stable. The rating reflects, in Standard&Poor's 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. "We expect that the city will continue to maintain its very strong reserve levels despite any softening of revenues or
