Utility bonds receive highest rating
(Apr 26, 2012)
The debt rating agency, Fitch Ratings, recently affirmed the city's Utility Enterprise senior revenue bond rating at AAA, the highest quality offered by Fitch.
The rating was the result of several key drivers identified by Fitch: solid financial performance, favorable debt profile, affordable user rates, strong financial planning and the city's stable service area.
The AAA rating affirms the city's focus to employ prudent fiscal management and affirms City Council's strategic goal of a Financially Sustainable City Government Providing Exceptional Services.
The complete release from Fitch is available here.