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Mr. James F, Andre June ].8, 1.975 Page Two it was not assigned at �this tztne because of the amount of debt outstandin.g and the study made a� the cash flow and balarices and the various accounts of the city as revealed by the audit reports and budget schedules. Attached you wil� find a].zst.ing of those Minnesota cities that possess a rating o� A or better that indicates the class of communities, from a rating poi.nt of view, that Rosevi�le has now joined. Any cQ�ununity not lzsted, other than school districts and counties, possess a rating of a lower rank. Incidentally, for your in.formati_on, The Band Bu er's Index, which comes out each Thursday, is based on the rating of 20 states and cities selling on a 20 year maturity as foll.ows : 20 BQNDS USED IN COMPILING THE INDEX (20-year maturity) *California - - - *�1linois - - - - *New Jersey - - - �North Carolina - Chicago, �11.- - Col.iunbus, Ohzo - *Delaware - - - - *Denver, Calo.-- - *Massachusetts- - Memphis, Tenn. - Moady's Rating - - Aaa. - - Aaa - - Aaa - - Aaa - - A� - - Aa - - Aa - - Aa - - Aa - - Aa Moody`s Rating *New York State - - - - - Aa Baltzmore, Md. - - -- -- - A Boston, Mass . -- - - - - - A Cleveland, .Ohio-- - - _- - A �Nassau Co., N.Y. - - - - Al �New Orleans, La. -- -- -- - A� Pennsylvania - - - - - - A1 *Pittsbuz'gh, Pa.- - - - - A1 Philade�.phia, Pa.- - - - A Detrozt, Mich. - - - - --Baa * These bonds are used in 11. Bond �ndex You wilZ note by the ratings assigned to the City of Roseville tYie company we have joi.ned on a natior�al bas�s. Should you �iave any further questions, please let me know. x tr.ust that you will info�n the Council and that at the meeti.ng of June 23rd we wi11 be prepared to discuss th� matter at the tizne of bid considexation. It would see�n to me that the new ratings are of such impart that an appro-