Snoqualmie bond rating goes up

The city of Snoqualmie’s credit rating was increased recently from A+ to AA- by Standard & Poor’s.

The AA- rating applies to Snoqualmie’s general obligation bonds, which support city projects and infrastructure improvements. The rating will improve the ability for the city to market its bonds to financial institutions providing lower interest rates and lower bond insurance programs.

The Standard & Poor’s Rating Report cites the cities’ sound investment and debt management policies, as well as its significant financial reserves, as the primary reasons for the upgrade.

The report is posted on the city website at, on the Finance Office page.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.
blog comments powered by Disqus

Read the Oct 26
Green Edition

Browse the print edition page by page, including stories and ads.

Browse the archives.