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11/3/2017 - Kroll Bond Rating Agency Upgrades the City’s Bond Rating to “AA-“ from “A+”
Kroll Bond Rating
Agency Upgrades the City’s Bond Rating to “AA-“ from “A+”. Following a
recently completed mid-cycle surveillance review, Kroll Bond Rating Agency
(KBRA) has upgraded the long-term rating of the City of Waterbury to “AA-“ from
“A+”. The rating outlook is Stable. KBRA’s rating action reflects
the continued strong fiscal controls of the City, recognition of the city’s
demographic recovery from the recession, improving tax base, improved reserve
position and containment of OPEB liabilities. To access the full report,
please "Click Here".