As part of a bond refunding, Moody’s Investor Services issued an opinion on the city’s credit worthiness and general financial health.
The opinion, issued Oct. 6, reaffirmed the city’s bond rating, Aa3, which is Moody’s fourth-highest long-term rating.
Moody’s praised the city administration’s management, writing, “Management is strong as evidenced by the adoption of and adherence to a comprehensive set of formal financial policies. Additionally, the city maintains a long-range capital improvement plan to help prioritize and guide capital investment.”
It noted the city’s credit strengths, which it regards as: