Suwanee has received the S&P’s AAA long-term bond rating. Courtesy City of Suwanee

Suwanee receives AAA bond rating

Suwanee has received a AAA long-term bond rating from Standard & Poor’s Global Ratings with a stable outlook. AAA bond rating is the highest rating assigned by the rating agency and is a financial indicator to potential investors of debt securities such as bonds. These are assigned by credit rating agencies such as Moody’s, Standard & Poor’s and Fitch Ratings.

According to S&P, the AAA rating reflects the city’s capacity to meet its financial commitments on the obligation is extremely strong. S&P evaluates city’s economy, management, budgetary performance and flexibility, liquidity, and institutional framework, as well as debt and contingent liability position.

Suwanee is in the process of issuing approximately $22 million in revenue bonds with the city’s Urban Redevelopment Agency that will finance projects identified in the 2017 Urban Redevelopment Plan Update, including public parks, quality-of-life amenities, and transportation improvements.

The city previously received a AAA bond rating from S&P Global Ratings in 2014.

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