City of Evanston Blog
New City Bond Rating - AAA
The City received a new bond rating from Fitch Rating today of “AAA”, Fitch’s highest rating, in advance of the capital improvement bonds we will be selling soon. The City’s previous rating was “AAA”
Fitch's press release has all the details. I will point out the section “Key Rating Driver”:
“--The city's ability to restore financial equilibrium while adequately addressing its severely under-funded pension system especially given the general malaise of the current economic climate.”
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