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Posted on: December 8, 2017

S&P Global Ratings has raised the City of Richmond’s issuer credit rating (ICR) to “A-“ from “BBB+”

City Seal

While the City is not accessing the credit markets at the current time, the upgraded credit rating would lower the cost of future borrowing. Perhaps more importantly, it serves as an important indicator regarding the overall financial health of the City.

  1. S&P comments specifically on the City’s recent history of balancing its budget, and indicates that they “no longer consider the city to be structurally imbalanced…” This structural balance has been a focus of the City Council for the past several year...
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Richmond S&P Rating Report 12-04... Home
Posted on: December 5, 2017

City Manager's Weekly Report

CM Weekly Report

The City Manager's Weekly Report provides a brief update on City activities that have occurred in the past week and are of interest to the community. It is generally posted every Monday.

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