Fairfield earns A+ bond rating

Fairfield earns A+ bond rating
By Reporter Staff
Posted: 03/16/2009

Fairfield's water bonds have earned an A+ rating by Standard and Poor's Register of Corporations.

That means the city will save money by obtaining lower interest rates on any future bond issues needed to finance public improvements, according to a city-issued press release.

"Given the current upheaval in the economy and the credit markets, it is gratifying to get this kind of endorsement," said Finance Director Bob Leland.