Standard And Poor's Affirms Lynchburg's Bond Rating
Lynchburg, VA - Good news for the Hill City coming from Standard and Poor's.
The financial services company has affirmed an AA+ Plus bond rating for Lynchburg.
City Manager Kimball Payne says the rating allows Lynchburg to borrow more money at a lower interest rate. Standard and Poor's says it based its decision on the city's stable economy, it's flexibility with the budget, and it's strong financial management.
An AA+ rating is one of the highest ratings a city of Lynchburg's size can achieve.