DeKalb maintains good credit rating
DeKALB – DeKalb aldermen were pleased to hear that the city’s bond rating held steady at a time when other governments are seeing theirs drop.
“I think that’s a huge achievement, especially considering this environment we’re in, especially for municipalities,” Fourth Ward Alderman Brendon Gallagher said.
The city retained its Aa2 rating, albeit with a negative outlook, from Moody’s Investors Service. Assistant City Manager Rudy Espiritu and Mayor Kris Povlsen said they were hoping for an upgrade.
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