The City of St. Charles Retains its Aa1 Credit Rating from Moody's Investors Service

Moody’s Investors Service, a leading provider of credit ratings, research, and risk analysis, once again affirmed the City of St. Charles’ impressive Aa1 bond rating. The Aa1 rating is the second highest rating offered by the independent credit rating agency.

“We are very pleased to retain this outstanding rating that distinguishes us among top fiscally sound organizations,” said Chris Minick, Director of Finance for the City of St. Charles. “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 St. Charles’ strong financial operations and solid reserve levels among several positive financial performance factors.

For more information, contact Chris Minick at 630.762.7002.

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About the City of St. Charles
Friendly neighborhoods, diverse retailers, international employers, innovative schools, beautiful parks, varied cultural amenities, and unique architecture have earned St. Charles its reputation as the Pride of the Fox. Located in both DuPage and Kane counties, the City of St. Charles is 35 miles west of downtown Chicago, and has a population of approximately 33,000. Over 2,100 businesses, consisting of a balanced mix of retailers, restaurants and manufacturing facilities, employ more than 18,000 people. The City of St. Charles was named the #1 City for Families by Family Circle® magazine in 2011; one of the “150 Great Places in Illinois,” by the AIA Illinois; and one of the “Top 10 Towns To Live In” by West Suburban Living magazine. www.stcharlesil.gov