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Methodology <br />The principal methodology used in this rating was US Local Government General Obligation Debt published in January 2014. Please see <br />the Rating Methodologies page on www.moodys.com for a copy of this methodology. <br />Ratings <br />Exhibit 2 <br />Orono (City of) MN <br />Issue Rating <br />General Obligation Street Reconstruction Aaa <br />Refunding Bonds, Series 2016A <br />Rating Type Underlying LT <br />Sale Amount $2,795,000 <br />Expected Sale Date 10/24/2016 <br />Rating Description General Obligation <br />Source: Moody's Investors Service <br />20 October 2016 City of Orono, MN: New Issue - Moody's assigns Aaa to the City of Orono, MN's Ser. 2016A GO bonds <br />