Credit rating could help with issuing debt for Civic Park
Last updated 10/24/2019 at 9:34am
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...