Southern Wisconsin Times

This month, Standard & Poor's Financial Services LLC (S&P) notified the City of Janesville that it has reaffirmed its General Obligation 'AA' bond rating. This mark is the second highest a municipality can receive, indicating a "very strong capacity to meet financial commitments." 

S&P cited several reasons for reaffirming the robust bond rating, including the City's: 

• Very strong management with strong financial policies and practices.
• Very strong budgetary flexibility.
• Very strong liquidity to cover both debt services and expenditures.
• Strong budgetary performance. 

The City has maintained an "AA" rating annually since 2013. This strong bond rating benefits the community, resulting in lower borrowing costs in the future. The City is proud of this financial achievement which aligns with its strategic goal of remaining a responsible and forward-thinking steward of financial resources. 

For questions, contact Finance Director Dave Godek at (608) 755-3196.

Original source can be found here.