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.”
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