East Point earns superior bond rating

East Point’s rating will save money on interest rates for bonds issued for projects such as roadwork.

The city of East Point has received a bond rating of “A” by the bond credit rating agency Standard and Poor’s. An “A” rating signals the strength of the city’s economy and capacity to meet its financial commitments. This rating is the first “A” given to East Point.

“This accomplishment is a direct result of having a clear sustainable vision for the city, stability in management, and sound fiscal practices that have been put into place,” East Point Mayor Jannquell Peters stated. “An ‘A’ credit score sends a strong message that East Point is prime for new investments, reinvestment and positive future growth.”

The credit rating will allow the city to qualify for lower interest rates on bond offers, reduced rates on the refinancing of existing bonds and will lower debt, potentially saving the city millions of dollars.

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