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Memo 085-32 <br />Tot Mark Bernhardson, City Administrator <br />Orono Council Members <br />Proms Thomas M. Kuehn, Finance Director <br />Dates August 21, 1985 <br />Subjects Moody's Municipal Credit Report <br />Attached are copies of the Moody's Municipal Credit Report for <br />Orono dated June 10, 1985. The report revises the rating for all <br />City of Orono bond issues, increasing that rating from Al to As. <br />An analysis of the City is included showing the reasons for the <br />debt rating upgrade. The City's bonds were originally rated A in <br />1963. The rating was last upgraded to Al in 1974. <br />G1l�7�41i f� <br />F.UG2G <br />CITY OF <br />