On an annual basis, the City issues debt to finance capital projects, including streets, equipment, water utility and sanitary sewer. In connection with the City’s most recent borrowing, the City requested a rating from Standard & Poor’s (S&P). S&P assigned a rating of A+ to the City’s debt. The S&P rating report indicates the rating reflects the strong financial management, budgetary performance and strong liquidity. A copy of the S&P credit report can be reviewed here. This is the City’s first credit rating.
You can find a copy of the official statement for the City’s most recent borrowing at the Official Statement.
Additional information regarding the City’s recent borrowings can be obtained from the Director of Finance at – (715) 942-9901 or via email.