Even though the economy seems to be at a standstill for most, one city has been able to rise above.
The city of Mount Washington’s series 2012 general obligation refunding bonds was recently raised from “A+” to “AA” by Standard & Poor’s Ratings Services. This is one step below the highest rank of “AAA.”
The rating measures a city’s financial health and S & R have determined it to be “stable.”
In 2012, the city funded a series of bonds to pay for the wastewater treatment plant.
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