Bonds receive high rating from Fitch
(Jun 07, 2012)
The debt rating agency, Fitch Ratings, recently affirmed the city's sales and use tax bonds rating at AA+ and the parks, open space and trails sales and use tax bonds at AA-.
The rating was the result of several key drivers identified by Fitch: favorable debt profile, stable financial operations with healthy reserves and a mature and robust local economy.
The high ratings affirm the city's focus to employ prudent fiscal management and align closely with City Council's strategic goal of a Financially Sustainable City Government Providing Exceptional Services.
The complete release from Fitch is available here.