Two years after near junk bond rating, Glendale continues financial turnaround
By Darrell Jackson | Glendale Star
Two years after nearing bankruptcy, Glendale continued its financial turnaround when FitchRating increased the city’s bond rating to its highest rating of AAA for general obligation bonds (ULTGO).
“We have a lot to be thankful for with this AAA bond rating news, which comes at a time when our economy is booming and businesses are consistently choosing Glendale as their preferred location,” Glendale City Manager Kevin Phelps said. “The future is bright for our city and its residents.”