WCAV-WVAW-WAHU | Charlottesville, Virginia | News

Charlottesville Receives AAA Bond Rating



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 Newsplex.com are designed for thoughtful, intelligent conversation and debate. We want to hear from our viewers, but we only ask that you use your best judgment. E-mail is required, but will not be displayed with comment.

  • Comments cannot be profane or vulgar. We will not post comments that use profanity or cross the lines of good taste.
  • We will not post comments that use hate speech. Slurs, stereotypes and violent talk aren’t welcome on our website.
  • Comments should not attack other readers or people featured in our stories personally. Any accusations should be backed up with facts.
  • Any comment we post will be posted in its entirety. We do not edit any comment that we post.
  • Comments should contribute to the discussion. We will not post comments that don't advance the discussion. Flaming and/or trolling will not be tolerated.
  • Comments should not attack other posters. Let's keep the focus on the content of the story.

    As a host Newsplex.com welcomes a wide spectrum of opinions. However this is a site that we host. We have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason The Newsplex reserves the right to not post or to remove any comment.

    If you have any ideas to improve the conversation or this section let us know. Send an e-mail to webmaster@newsplex.com.


powered by Disqus
The Charlottesville Newsplex 999 2nd Street S.E. Charlottesville, VA 22902 434.242.1919 – Main 434.220.7522 - Newsroom
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 206301411