Direct staff to prepare presentation on city bond rating risks
In Plain English
The city's credit rating from S&P affects how much it pays to borrow money for projects. A lower rating means higher costs when the city issues bonds. Staff will explain potential financial impacts of further downgrades and steps needed to maintain the current rating.
Auto-generated summary. Source: official agenda documents.
Similar Discussions
5 related items found by meaning
Direct staff to analyze potential bond rating downgrade costs and prevention measures
Issue pension bonds to pay down city retirement debt
Refinance up to $45 million in city bonds to reduce interest costs
Approve draft sales document for city bond refinancing
Refinance $146 million pension debt to eliminate costly interest rate swaps
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