SOURCE: City of St. Charles
Moody’s Investors Service, a leading provider of credit ratings, research, and risk analysis, once again granted the city of St. Charles an Aa1 rating, the second highest rating offered by the credit rating agency.
“We are very pleased to retain this outstanding rating that distinguishes us among top fiscally sound organizations,” said St. Charles Finance Director Chris Minick. “It’s especially significant coming out of the difficult economic climate we have experienced recently. This independent report verifies that the city of St. Charles is on solid financial ground.”
The report cited several positive financial performance factors and noted: “The city’s financial operations remain sound following prudent and proactive management practices during the economic downturn. The city continues to be supported by solid operating reserves, a demonstrated history of reacting quickly to budgetary challenges…”
The complete Moody’s report can be found on the city’s website.
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