Edmonds Beacon - Your Hometown News Source

Credit rating could help with issuing debt for Civic Park

 

October 24, 2019

Edmonds Finance Director Scott James

On Oct. 17, Standard & Poor's Global Ratings assigned its coveted "AAA" long-term rating to the City of Edmonds, a first in the city's history.

The bond rating represents the highest level of creditworthiness a municipality can achieve and allows the City to borrow money at the lowest commercial interest rates possible.

"I am especially proud of receiving this rating, as we are one of a few municipalities in the state with such a high credit rating," said Mayor Dave Earling in a news release.

"My appreciation goes out to our excellent finance department, led by director Scott James, a...



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