Archive for Monday, August 3, 2015

City of Edwardsville’s bond ratings upgraded

August 3, 2015

Standard & Poor’s Rating Services recently raised its long-term rating on Edwardsville general obligation bonds from A+ to AA-. Additionally, S&P assigned its AA- rating to the city’s series 2015 GO bonds. Edwardsville also received an outlook of stable on all of the city’s ratings.

Edwardsville’s new rating is comparable to the most recent ratings for Bonner Springs and KCK. The ‘AA-’ rating is the fourth highest rating that an organization can receive on their bonds from S&P.

This upgraded rating reflects balanced operations of the city’s budgetary performance, adequate economy, strong management, very strong liquidity, and the city’s strong budgetary flexibility.

The city of Basehor last week also learned its bond rating had been upgraded from AA- to AA.

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