Items tagged: Moody’s

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 […]