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.
Posted in News, Community notes on Wednesday, June 6, 2012 6:45 pm. | Tags:
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