The city has received these high marks from the bond-rating agencies for 19 years, ensuring the city’s ability to get low-interest general bonds for future projects.
“This positive response from the rating agencies reflects the careful financial planning and strong fiscal management the City had in place during the economic downturn,” said Alexandria Mayor William D. Euille in a statement. “It also reflects the very sound condition of the Alexandria economy. We are proud to have maintained our longstanding, solid financial reputation and these bond ratings will help our City continue to move forward as the economy recovers.”
Both bond rating agencies cited the city’s strong and diverse economic base and financial management in their rating evaluations.