The City of Naperville has announced that it has once again been awarded the highest bond rating available on the City’s General Obligation bonds by both Standard & Poor’s Rating Services (S&P) and Moody’s Investors Service.
Naperville is proud to have received the ‘AAA’ rating from S&P and ‘Aaa’ rating from Moody’s for nearly 30 years. Both ratings reflect the City’s strong and expanding economy, budgetary flexibility, low debt burden and strong cash reserves.
Specifically mentioned in S&P’s Global Ratings Report was Naperville’s “robust, growing economy that is independently strong” supported by “low debt levels,” providing “consistently stable financial operating results” and “strong management, with above average policies and practices that focus on financial stability.”
