Lakewood's Bond Rating Gets Bump To AA

LAKEWOOD, WA - In some good news for the city, Standard & Poor's has notified Lakewood that it will increase the city's bond rating to AA, up from AA-. This is the city's second bond rating increase in four years. In 2014, the bond rating went from A+ to AA-.

The city said the lower bond rating will lead to more lower financing costs and attract more investors.

Image via City of Lakewood