City of Champaign’s Excellent AAA Debt Rating is Affirmed
The City of Champaign has once again received the highest rating possible from two financial industry leaders. In its most recent report, Fitch Ratings affirmed the City’s AAA bond rating, with a stable outlook. The City’s debt also carries a triple-A rating with a stable outlook from Moody’s Investors Services. This is the fifth consecutive […]
City of Champaign’s Excellent AAA Bond Ratings Affirmed
Moody’s Investors Services and Fitch Ratings have affirmed the City’s AAA bond ratings, the highest for both rating agencies. According to Finance Director Richard Schnuer, “A high bond rating lowers the City’s interest costs on borrowing because investors are willing to receive lower interest rates on low-risk debt.” Champaign is the only municipality in Illinois […]