The city of West Des Moines is maintaining its AAA/stable credit rating, Moody’s Investors Service recently announced. The rating allows West Des Moines to compete in the marketplace and obtain lower interest rates for repayment of debt. “The top rating reflects our commitment to balancing growth in a fiscally responsible manner,” City Manager Tom Hadden said in a prepared statement. “We’re in a strong position to attract additional quality development and deal with the economic consequences of the COVID-19 pandemic.” Moody’s report stated that West Des Moines’ AAA rating “far surpasses the median rating of Aa3 for US cities.” Key credit factors include a “very healthy financial position, a strong wealth and income profile, an ample tax base and moderate debt and pension liabilities.” The report, according to a city release, also said that Moody’s didn’t see any material immediate credit risks for West Des Moines but cautioned that the situation surrounding coronavirus is rapidly evolving and the longer term impact will depend on both the severity and duration of the crisis.