S&P likes Glendale a lot more

FinancialStabilityCircleBy Darrell Jackson | The Glendale Star

Glendale continues to improve its financial ratings as Standard & Poor issued the city a positive outlook rating, upgrading the city’s rating to stable from negative.

The city’s continued growth with its operational surplus was a strong factor for the improved outlook.

The affirmative response from Standard & Poor’s follows a September 2014 rating change from Moody’s Investors Services, which also changed the city’s outlook to stable from negative on the city’s outstanding General Obligation bonds.


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