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The original item was published from 7/16/2012 10:01:38 AM to 8/1/2012 12:05:01 AM.

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Posted on: July 16, 2012

[ARCHIVED] Standard & Poor's affirms good bond rating for the City

Standard & Poor's rating services has affirmed the City's bond rating as SP-1+ for short term bonds (highest available), and A+ for long term LTGO bonds. This determination is based on the City's demonstrated ability to respond to its budgetary challenges and its sufficient capacity to retire the series 2010 and 2012 GO bonds. Attaining a good bond rating ensures low interest rates for bonded debt issued by the City.

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