Key Ratings Agency Boosts East Valley City's Financial Outlook

The city of Mesa's financial health has been given an upgrade by a national credit rating agency. S&P Global Ratings said it raised its rating on Mesa's existing general obligation (GO) bonds from AA- to AA and placed an AA rating on the city's series 2019 GO bonds, with a stable rating on its overall finances, which it expects to maintain for the next two years.  "The raised ratings reflect our view of the city's strong tax base growth over the last five years, driven by ongoing development and…

Topics:  s&p global ratings   aa    mesa   aa   agency   city's   financial   years   bonds   raised   
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