Moody’s Investors Services has awarded the City of Carroll a prime-level credit rating as officials prepare to sell $5.4 million in bonds for the Carroll Recreation Center. On Friday, the community received an Aa3, which is considered a top-tier rating for potential investors. According to Moody’s, the rating reflects Carroll’s modestly sized, growing tax base combined with the city’s healthy financial position, stout reserve levels, and ample revenue-raising flexibility. The rating should lead to superior interest rates on the bonds. Carroll is issuing $5.4 million in General Obligation (GO) Local Option Sales and Service Tax (L.O.S.T.) bonds, and bid opening for the sale of those bonds is scheduled for Sept. 12. Construction on the estimated $7.35 million Carroll Rec Center project, which includes interior renovations and HVAC improvements, got underway last week and is expected to continue into fall 2023.