City of Bettendorf, Iowa

A premier city.

2013 Media Releases - . - Moody Investors Service Assigns Aa1 Rating to Bettendorf

April 1, 2013

CONTACT: Decker Ploehn, City Administrator, dploehn@bettendorf.org or 563-344-4007

Carol Barnes, Finance Director, cbarnes@bettendorf.org or 563-344-4461

The City of Bettendorf is happy to announce that on Friday, March 29, Moody's Investors Service reviewed and reaffirmed a rating of Aa1 for the City of Bettendorf's General Obligation Bonds.

Bettendorf has maintained the Aa1 rating for four years. The Aa1 rating reflects the city's sizable and growing tax base, sound financial operations, and significant flexibility to adjust tax levies and raise additional revenue.

The City is one step away from receiving the AAA rating, which is the highest a municipality can obtain.

Proceeds of the 2013A bonds will be used to finance various city improvements, including streets, parks, storm water and sewer infrastructure.