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Standard and Poor’s (S&P) Global Ratings has assigned its AA+ long-term rating to Johnston’s general obligation (GO) bonds, series 2019A. Johnston has maintained the ‘AA+’ from S&P since 2009. This rating is the second-highest in S&P’s long-term rating and reflects upon Johnston’s strong economy, management and budgetary flexibility.
“This strong bond rating affirms Johnston continues to be a good investment due to smart financial decisions,” said Finance Director Teresa Rotschafer. “Our bond rating demonstrates our City leaders making strong financial decisions while prioritizing projects that are important to our community. This rating is confirmation from an independent source that our efforts to create a community that is a safe place to work, play and live is working, and it demonstrates our City’s financial health.”
The S&P report noted the following:
Standard & Poor’s is the world’s leading index provider and the foremost source of independent credit ratings. To view the full rating report, click here.