Word: aaas
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City taxpayers can be assured that their money is in good hands, as Standard & Poor's Corporation announced Friday that it has raised its rating of Cambridge's finances to the AAA-level, the highest evaluation a city can receive...
Cambridge has been awarded AAA status by the two other major U.S. financial rating agencies this year, Moody's Investor Services and Fitch IBCA. It now joins cities such as Indianapolis, Minneapolis and Winston-Salem, N.C., in the top tier of six municipalities in the U.S. that have received AAA ratings from the three major agencies...
...Friday, Standard & Poor's assigned both Cambridge's $27.94 general obligation (GO) bonds and its $105.6 million outstanding GO debt its AAA rating, an upgrade from the city's previous AA+ GO debt rating...
Maloney said the AAA rating is the result of the City Council and the city manager working together...
Maloney said that the city has been working for several years to get the AAA rating from Standard & Poor...