Glendale’s S&P bond rating improves
Glendale City Hall is shown at the corner of 59th and Glendale avenues. [Submitted photo]
By Mark Carlisle
Standard & Poor’s Global Ratings has increased the rating for the city’s General Obligation Bond debt to its second-highest rating, AA, with a stable outlook. Fitch Ratings also reaffirmed its highest rating, AAA, with a stable outlook. A stable outlook means that a rating is not likely to change.
Glendale’s S&P rating has improved by two categories since early 2016, when it was rated BBB.
In 2017, Moody’s Investor Service upgraded Glendale’s general obligation bond and excise tax bond rating to its fourth-highest rating, A-1.
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