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Story Archives: S&P: Monroe credit outlook 'positive'
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S&P: Monroe credit outlook 'positive'
The City of Monroe has something to crow about after the world's leading credit rating agency changed the city's A+ credit rating outlook from "stable" to "positive."
Southwest Security's Bill Willson told the City Council that the city petitioned Standard & Poors for an increase from the city's A+ to AA-.
"We had hoped to go up to a AA-," Willson said.
Willson said the improved credit rating outlook indicates Standard & Poors will upgrade the city to AA status in the near future.
Willson attributed the improved outlook to Mayor Jamie Mayo's administration.
"They gave a lot of credit to Mayor Mayo and the City Council for balancing the budget, having a surplus balance for 11 of the last 12 years and having a strong surplus fund balance," Willson said.
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