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The City of Johnston received an AA+ long-term rating from Standard and Poor’s (S&P) Global Ratings general obligation (GO) bonds, series 2018A for the eleventh consecutive year. This rating is the second highest in S&P’s long-term rating and reflects upon Johnston’s strong economy, management and budgetary flexibility.
“Our AA+ rating is a significant financial achievement and reflects upon the smart planning and financial decisions our City has made over this past year,” said Mayor Paula Dierenfeld. “Being able to maintain this rating for eleven consecutive years, validates the City’s strong financial management and is a victory for taxpayers. As we progress into this new fiscal year, I am confident we will continue to demonstrate financial efficiencies to ensure the residents of Johnston have a good quality of life.”
The S&P report noted the following:
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