Standard And Poor's Affirms Lynchburg's Bond Rating - WSET.com - ABC13

Standard And Poor's Affirms Lynchburg's Bond Rating

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Lynchburg, VA - Good news for the Hill City coming from Standard and Poor's.

The financial services company has affirmed an AA+ Plus bond rating for Lynchburg.

City Manager Kimball Payne says the rating allows Lynchburg to borrow more money at a lower interest rate.  Standard and Poor's says it based its decision on the city's stable economy, it's flexibility with the budget, and it's strong financial management.

An AA+ rating is one of the highest ratings a city of Lynchburg's size can achieve.

 

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