City’s Bond Rating Increases from A+ to AA- !

Standard and Poor’s Ratings Services (S&P) raised its rating on Bessemer City’s series 2004 general obligation refunding bonds from ‘A+’ to ‘AA-‘. Rating agencies such as S&P routinely update their bond ratings of municipalities to reflect recent financial status. The new rating is a high grade, indicating that the City has a very strong capacity to meet its financial commitments. The upgrade reflects recent improvements to … » Read More »