Tuesday, August 25, 2009

Bonding Rating Stays the Same

South Ogden City just received notice that our bond rating with Fitch Ratings has stayed at an "A+". The notice also said that the financial outlook for the city is stable.

The reason for this review is to assure that South Ogden municipal bonds continue to be a sound investment. While an "A+" is lower that a "AAA", which is the highest rating, it is very uncommon for a city our size to even reach even a "AA" status.

Overall this is very good news for the City that we continue to be financially stable during these tough economic times.