Similar to the credit rating that any business has, cities also have a Bond Rating prepared by third parties.
The most recent bond rating review was completed in June of 2022 with a rating of AA-. The AA-rating, as stated in the report, reflects that the rating agency views The City of Granite Shoals' financial position as Stable.
The City's credit rating is very important as it determines the cost of the money the City borrows.
Review the Applicable Credit Report
