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Tag Archives | general obligation bonds

Bond Sale Providing City Best Interest Rate

The City of Flagstaff sold $15.86 million in general obligation bonds today to fund voter approved projects including the final fire station, the emergency communication radio system, and a portion of the street/utility projects. In light of the excellent credit ratings from Standard and Poor’s and Moody’s (AA and Aa2, respectively), the City was able […]

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Flagstaff’s S&P and Moody’s Ratings High

The City has received ratings of AA/Aa2 from Standard and Poor’s and Moody’s Investors Service, respectively, on the general obligation bonds the City will issue in several weeks..  These ratings are the second-highest category available, one category lower than “AAA/Aaa” and are reflective of the City’s strong financial position, particularly in today’s economic environment.  These are […]

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