S&P Affirms AA+ Bond Rating for Lynchburg

Lynchburg, VA - There is great financial news for the city of Lynchburg from Standard and Poor's.

The financial services company has affirmed a Double-A Plus (AA+) bond rating for the Hill City.

City Manager Kimball Payne says the rating allows Lynchburg to borrow more money at a lower interest rate.

S&P says it based it's decision on the city's stable economy, flexibility with the budget, and strong financial management.

The AA+ rating is one of the highest ratings a city of Lynchburg's size can achieve.