City of Bondurant recently issued the following announcement.
Last month, Moody’s completed their financial analysis for the City of Bondurant, upgrading the City's rating for upcoming General Obligation debt from A1 to Aa3 and upgrading the rating for Annual Appropriation debt from A2 to A1. The rating service takes a comprehensive view of the operations, revenues, and expenses of the City to determine the risk profile of future sales of public debt. The Aa3 rating reflects the City’s steady tax base growth and the community's sound financial position. It also demonstrates the City’s healthy growth in reserves. Should you have an interest in reading the full rating action, you may find it here.
Original source can be found here.
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