Credit-rating agency Standard & Poor’s has raised its rating on Suwanee’s general obligation debt to AA from AA-, according to a release from the city.
Standard & Poor based the upgrade on Suwanee’s “historically strong financial position and solid economic foundation."
"The fact that S&P, an independent, conservative financial analyst, looked at the City of Suwanee during a regular annual review and found us to be strong in this turbulent economic environment is really positive,” Amie Sakmar, Suwanee’s financial services director, said in the release.
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