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MEDIA CONTACT: Jace Radke | 702.229.2205 | 702.249.3514 | jradke@lasvegasnevada.gov
City’s Bond Rating Affirmed At AA+ By S&P Global Ratings
Rating Shows That City Finances Continue To Be Well Managed
S&P Global Ratings (S&P), formerly Standard & Poor’s Ratings has affirmed the city’s AA+ bond rating with a stable outlook.
According to S&P, the affirmation of the city's Issuer Default Rating and Limited Tax General Obligation Bond Rating reflects the city's resilience. S&P went on to state in its report that the city’s strong reserve position, robust economic activity and property development, as well as the city’s proactive management team with its robust financial policies, will continue to support the current rating level.
“This rating is an indication of the city’s strong fiscal strength, despite the economic challenges we face,” said City Manager Mike Janssen. “We are proud to maintain the city’s very high S&P rating which is a measure of our financial stability and allows us to issue municipal bonds at competitive interest rates.”
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