S&P confirms Auburn’s Bond rating as ‘AA+ - WRBL

S&P confirms Auburn’s Bond rating as ‘AA+

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 According to a news release, “Standard & Poor's (S&P) recently affirmed the City of Auburn’s Bond rating as ‘AA+.’ In their latest report, S&P cites strong management, as well as Auburn’s “consistently strong financial profile, indicated by its very strong budgetary flexibility and liquidity” as factors that were considered in the rating. Another factor that was considered by S&P was Auburn’s status as the “key participant in the Auburn-Opelika metropolitan statistical area, indicating its presence as a regional economic center.”

According to S&P, an 'AA+' rating indicates a "strong capacity to meet financial commitments." A strong bond rating allows the City to enjoy lower interest rates on bond issues.”

Sarah Panko

Sarah is the anchor/ producer for News Three First Edition at 5/4 central time. She also brings you the latest Consumer Reports on the Nightwatch at 11/10 central. More>>

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