Peoria receives strong bond ratings, ‘stable’ outlook

PeoriaBy Jackee Coe, The Republic | azcentral.com

Peoria has received strong bond ratings and a “stable” outlook from Fitch Ratings, one of the nation’s three largest credit-rating agencies.

The agency rated Peoria an AA+ for its outstanding $152.8 million general obligation bonds and its $81 million in municipal development authority revenue bonds, according to a news release from Fitch Ratings. It also rated the city AA for its $39 million in water and wastewater revenue refunding bonds. The agency’s highest rating is AAA.

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