The City of St. Peters has just learned Moody’s Investors Services is upgrading the City’s bond rating to the highest rating the City has ever achieved.
The City’s general obligation bond rating has gone from Aa2 to Aa1 and this means the City is now among the best-rated cities in the state of Missouri in achieving this outstanding financial rating. This prestigious upgrade means City taxpayers will be paying less to borrow money to fund future City projects.
“We are very pleased to achieve this outstanding rating that places the City of St. Peters among the top-rated organizations. This rating is independent verification of the City’s commitment to sound fiscal planning, sound fiscal policy, and sound fiscal results,” said Mayor Len Pagano.
“It’s a real vote of confidence for how we manage our great City and reflects the team effort between staff and elected officials in planning the City’s future, protecting our property values, keeping the City viable for years to come and enhancing our quality of life,” he added.
The Moody’s news release is available at: