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Roseville's Credit Rating Raised

Roseville's Credit Rating Raised
Posted April 3rd, 2014 @ 6:54pm by KFBK News

Standard & Poor's Ratings Services raised its credit rating on the City of Roseville one notch to 'AA+' from 'AA' in its latest review published April 1st.

The upgrade is based on Roseville’s strong economy, strong budget flexibility and strong budget management according to Standard & Poor’s.

This credit rating upgrade has the potential to save the City hundreds of thousands of dollars with future bond issuances.

The debt service savings to the City on the issuance of $35 million in bonds would be $500,000.

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