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City’s bond rating increases

Moody’s Investors Services has upgraded the city of St. Peter’s bond rating to the highest rating the city has ever achieved.

The city’s general obligation bond rating has gone from Aa2 to Aa1, which means the city is now among the best-rated cities in Missouri and local taxpayers will pay less on money borrowed for future city projects.

“We are very pleased to achieve this outstanding rating that places the city of St. Peters among the top-rated organizations. This rating is independent verification of the city’s commitment to sound fiscal planning, sound fiscal policy, and sound fiscal results,” Mayor Len Pagano said. “It’s a real vote of confidence for how we manage our great city and reflects the team effort between staff and elected officials in planning the city’s future, protecting our property values, keeping the city viable for years to come and enhancing our quality of life.”

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