City receives high credit rating for recreation bonds
The city of Fayetteville is hoping that a positive credit rating will result in the city saving money on interest on bonds it soon will be selling to investors for recreation and other projects.Moody’s Investors Service has issued the city its second highest credit rating, an Aa1 rating, for $16 million general obligation parks and recreation bonds that are being sold to investors that are part of a $35 million bond issuance voters approved three years ago. The city is […]
