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Story Archives: Monroe bond rating improves
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Monroe bond rating improves
The City of Monroe might find it a little easier and less expensive to borrow money in the future, thanks to Standard & Poor's.
The international bond rating agency increased Monroe's credit rating from an 'A' to an 'A+', according to a news release issued by S&P last week.
"The upgrade reflects the city's continued economic development, resulting in sales tax growth and maintenance of its very strong financial position," said credit analyst Omar Tabani.
The improved credit rating means the city will enjoy lower bond interest rates on debt. Also, the positive credit outlook could serve as an attractor for business expansion and new development.
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