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The City of Johnston is pleased to announce the Standard and Poor’s (S&P) Global Ratings has assigned its AA+ long-term rating to Johnston’s Taxable General Obligation (GO) Urban Renewal Capital Loan Notes, series 2020E. Johnston has maintained the AA+ rating since 2009. This rating is the second-highest in S&P’s long-term rating and reflects Johnston’s strong economy, management and budgetary flexibility.
“This high bond rating reflects upon Johnston’s strong economy and good financial management decisions,” said Finance Director Teresa Rotschafer. “I have always been proud of Johnston’s financial practices and policies. Our City is forward-thinking, but it is done in a way that demonstrates financial health while prioritizing projects that are important to our community. Having a strong financial position for planned improvements helps ensure our residents are proud of where they live.”
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.