Charlottesville Receives AAA Bond Rating

Charlottesville has again received the highest rating possible from Standard & Poor


May 6, 2013

Charlottesville has again received the highest bond rating of “AAA” from Standard & Poor's Rating Services, and “Aaa” from Moody's Investor Services.

The higher ratings give Charlottesville stronger borrowing power, as well as lower interest rates.

During a review process, the agencies praised the City for its management, low debt, and fiscal policies.

"We are proud to be the only city, and just one of five localities in the state of Virginia to receive AAA/Aaa-stable ratings from Standard & Poor's and Moody's," said City Manager Maurice Jones. "The AAA/Aaa ratings allow the City to borrow money at a lower interest rate which in turn saves taxpayers money on much needed capital improvements."

Moody's has rated Charlottesville “Aaa” since 1973 and Standard & Poor's has rated “AAA” since 1964.

The comments sections of are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we ask that you follow our rules for commenting. E-mail is required to comment on a story, but it will not be displayed with your comment. For complete rules, CLICK HERE. The Newsplex reserves the right to not post or to remove any comment.
powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 206301411 -
Gray Television, Inc.