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Summary: Ramsey, Minnesota; General Obligation <br /> • • • <br /> Most recent Historical information <br /> 2022 2021 2020 <br /> Very strong budgetary flexibility <br /> Available reserves%of operating expenditures 75.6 71.7 71.0 <br /> Total available reserves($000) 11,064 10,413 101073 <br /> Very strong liquidity <br /> Total government cash%of governmental fund expenditures 331 260 362 <br /> Total government cash%of governmental fund debt service 3283 3259 2001 <br /> Strong management <br /> Financial Management Assessment Good <br /> Weak debt&long-term liabilities <br /> Debt service%of governmental fund expenditures 10.1 12.0 19.9 <br /> Net direct debt%of governmental fund revenue 158 <br /> Overall net debt%of market value 2.0 <br /> Direct debt 10-year amortization(%) 61 <br /> Required pension contribution%of governmental fund expenditures 3.6 <br /> OPEB actual contribution%of governmental fund expenditures 0.1 <br /> Strong institutional framework <br /> EBI--Effective buying income.OPEB--Other postemployment benefits.Data points and ratios may reflect analytical adjustments. <br /> Related Research <br /> Through The ESG Lens 3.0: The Intersection Of ESG Credit Factors And U.S. Public Finance Credit Factors, March 2, <br /> 2022 <br /> Ratings Detail (As Of October 17, 2023) <br /> Ramsey GO <br /> Long Term Rating AA+/Stable Affirmed <br /> Ramsey GO <br /> Long Term Rating AA+/Stable Affirmed <br /> Ramsey GO <br /> Long Term Rating AA+/Stable Affirmed <br /> Ramsey GO <br /> Long Term Rating AA+/Stable Affirmed <br /> Certain terms used in this report,particularly certain adjectives used to express our view on rating relevant factors,have specific meanings ascribed <br /> to them in our criteria,and should therefore be read in conjunction with such criteria.Please see Ratings Criteria at www.spglobal.com/ratings for <br /> further information.Complete ratings information is available to RatingsDirect subscribers at www.capitaliq.com.All ratings affected by this rating <br /> action can be found on S&P Global Ratings'public website at www.spglobal.com/ratings. <br /> WWW.STANDARDANDPOORS.COM/RATINGSDIRECT OCTOBER 17, 2023 4 <br />