Phoenix AAA bond rating reaffirmed - Ahwatukee Foothills News: News

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Phoenix AAA bond rating reaffirmed

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Posted: Wednesday, June 6, 2012 6:45 pm

Bond rating agency Standard & Poor’s has reaffirmed the city of Phoenix’s AAA general obligation bond rating, with a stable outlook, making Phoenix the only city in the top six largest U.S. cities to offer this outstanding rating.

By having a AAA bond rating, the city is able to secure lower interest rates when borrowing, ultimately saving taxpayers millions of dollars that can be used to provide important city services.

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