Good News for City's Next Debt Issue – Standard and Poor's Ups Hamilton Rating in AA to Positive – TPR Hamilton | Hamilton's Civic Affairs News Site

July 15, 2016
The City of Hamilton is now rated AA+ by Standard and Poors, this is an upgrade to the City’s credit rating. The City says S&P made the upgrade due to many factors including Hamilton’s “very strong economy, exceptional liquidity, strong financial management, and very low debt burden.”
The rating is a key metric for the City has it determines how interest rates the City is charged when issuing new debt and how well that debt will sell.
The City is issuing debt this year to help finance upgrades to the municipal water treatment plant.