City of Coral Springs awarded the highest credit ratings

The City of Coral Springs has earned a AAA General Obligation Bond credit rating! Both Fitch Ratings and Standard & Poor’s (S&P) have given the AAA rating with a stable outlook to the City’s General Obligation Bonds. The AAA rating is the highest bond rating an organization can receive. AAA bond ratings represent the highest quality investment with the smallest degree of risk. Now why does this matter to you as a home buyer or seller?

A city credit rating is similar to your personal credit rating in that it is a reflection of an organizations credit worthiness. While a city’s bond rating may not be something we think about when buying a home, it can be a be a strong indicator of a stable economy and well managed city. The rating companies, S&P and Fitch, evaluate many items including the economic well-being of the area, what is the Median income, what is the diversity of the tax base, the rate of population growth, if tax revenues going up or down and why, and uncovers many more questions about the economy of a city. Living in a city with a strong credit rating is beneficial to those living in the city and those looking to live there!

According to the press release from the City of Coral Springs, “S&P praised Coral Springs for having a strong economy, very strong management, and very strong debt and contingent liability position…” Check out the full press release from the city here.

This is just one of the many things that makes the City of Coral Springs a great place to live. Ask a Great Florida Homes realtor to help find listings in this great city!

coral-spings

Tags: , , , , , , , , , ,

Leave a Reply

You must be logged in to post a comment.