DeKalb hopes to improve outlook of credit rating
DeKALB – The city still has an Aa2 credit rating with a negative outlook from Moody’s Investors Service, but city officials believe they can improve the outlook by the year’s end.
Assistant City Manager Rudy Espiritu said the outlook remains negative because even though the city’s fund balances are better, they are too low for Moody’s.
“They acknowledged our fund balance has grown tremendously,” Espiritu said. “Last time we met with Moody’s the fund balance was $22,000. Now we’re getting close to $4 million.”
Story Archived
Only the most recent 7 days of articles are available for free. For articles older than 7 days there is a small fee for retrieval from our archive. If you are a registered member of the site, the content is free just by signing in below.
Please sign in with your Comment Member ID and password.
Purchase Access
To allow for flexibility, we offer a variety of options for purchasing articles:
Having trouble?
If you have any technical difficulties, either with your username and password or with the payment options, please contact us by e-mail at archivedesk@shawmedia.com
