11/7/2017 - Fitch Ratings Upgrades the City’s Bond Rating to “AA-“ from “A+”

Fitch Ratings Upgrades the City’s Bond Rating to “AA-“ from “A+”.  Following a recently completed rating review, Fitch Ratings has upgraded the City’s bond rating one notch to “AA-“ with a stable outlook.  A rating of “AA-“ is just three notches below the highest available bond rating of “AAA”.  The City requested a bond rating from Fitch Ratings in preparation for an upcoming sale of City bonds.  The rating upgrade to “AA-“ from “A+” reflects the City’s adequate expenditure flexibility, solid reserve levels, and elevated but moderate long-term liability burden.  Fitch believes the City is well positioned to withstand the challenges associated with periodic moderate economic declines.  "Click Here" to review Fitch Ratings full press release report.