The city of Glendale has received an upgraded bond rating from S&P Global Ratings, moving from AA to AA+. The increase reflects the city\u2019s fiscal management and economic growth. Bond ratings help investors assess the quality and stability of bonds.<\/p>\n
\u201cThe City Council and city management\u2019s fiscal stewardship over the past decade has strengthened Glendale\u2019s financial health,\u201d Assistant City Manager Vicki Rios said. \u201cS&P\u2019s decision affirms that the city is on a solid and sustainable path.\u201d<\/p>\n
S&P cited Glendale\u2019s expanding economy, population growth, business diversity and new investments as factors boosting city revenues and reserves. Those trends provide flexibility to maintain services and infrastructure while staying financially stable.<\/p>\n
\u201cSince taking office, I have remained focused on strengthening Glendale\u2019s financial position,\u201d Mayor Jerry P. Weiers said. \u201cEach improvement in our credit rating affirms the positive direction of our city and creates greater opportunities to invest in the priorities that matter most to our residents.\u201d<\/p>\n
The upgrade follows a series of bond rating increases since 2016. In October 2024, Moody\u2019s Investor Services raised the city\u2019s general obligation bonds, senior and subordinate lien excise tax bonds, and transportation sales tax bonds to Aa3 from A1.<\/p>\n","protected":false},"excerpt":{"rendered":"The city of Glendale has received an upgraded bond rating from S&P Global Ratings, moving from AA to…\n","protected":false},"author":3,"featured_media":245636,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5131],"tags":[5229,5643,1587,90690,130574,19619,1589,130572,67,586,132,5230,68,2969,130573],"class_list":{"0":"post-245635","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-phoenix","8":"tag-america","9":"tag-arizona","10":"tag-az","11":"tag-glendale-city-council","12":"tag-jerry-p-weiers","13":"tag-moody","14":"tag-phoenix","15":"tag-sp-global-rating","16":"tag-united-states","17":"tag-united-states-of-america","18":"tag-unitedstates","19":"tag-unitedstatesofamerica","20":"tag-us","21":"tag-usa","22":"tag-vicki-rios"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115246388051632121","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/245635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=245635"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/245635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/245636"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=245635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=245635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=245635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}