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S&P Global Ratings announced the City of Johnston’s general obligation urban renewal bonds will stay at AA+. The bond proceeds will be used for essential corporate urban renewal purposes and will refund the city’s series 2018E taxable general obligation capital loan notes. “Maintaining a strong credit rating will allow the city to receive more competitive interest rates,” said Teresa Rotschafer, Assistant City Administrator/Finance Director. “As our property tax base continues to grow, this credit rating allows us to continue providing excellent service to our businesses and residents. We are a community that thrives every day.” According to the report, the general obligation rating reflects our views of the city’s:
“We are proud to have a very strong economy here in Johnston with strong businesses and an above-average income,” said Rotschafer. To view the full report, click here.