VIDEO: Savannah’s bond rating increases to AA+ | savannahnow.com

4
Nov

VIDEO: Savannah’s bond rating increases to AA+ | savannahnow.com

The city of Savannah’s bond rating improved from AA to AA+ late last week in response to more balanced city coffers.

Standard and Poor’s upgraded the city from AA, to AA+, which is just below the highest rating it gives.

“What that means for our citizens is it’s cheaper for the city of Savannah to borrow money now,” said city spokesman Bret Bell.

And the thought of saving money is something some taxpayers are excited about.

“It’s good to know that they’re in good standing with their money and they’re spending right. It makes me feel like my tax money is going to something good,” said resident Sheila Brown.

via VIDEO: Savannah’s bond rating increases to AA+ | savannahnow.com.

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