City of Jordan Agenda Packet Issuance and Sale of General Obligation Bonds Series 2026A 2026-05-26
S&P assigns 'AA' rating to Jordan 2026A GO bonds
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Description
S&P Global Ratings assigned an 'AA' rating with a stable outlook to the City of Jordan’s Series 2026A General Obligation Bonds and affirmed its existing 'AA' GO ratings. The rating reflects steady tax base growth, strong reserves, and elevated but manageable debt levels.
Contract Details
Vendor
S&P GLOBAL RATINGS
Agency
City of Jordan, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 26, 2026
Contract Term
Rating assigned May 11, 2026, for Series 2026A bonds; effective for the life of the bonds subject to S&P surveillance
Renewal Info
Credit rating is subject to ongoing review and may be revised by S&P based on future credit conditions; no fixed renewal date.
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