November 5, 2024 4:20 pm
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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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.