Lehi City Earns Top Credit Ratings
Lehi City has earned top credit ratings from Moody's and Fitch, reflecting strong confidence in its financial stability and management.
Moody's Investors Service assigned a rating of Aa2, while Fitch Ratings assigned an AA+ rating, ahead of the city's upcoming sale of water revenue bonds.
- Moody's rating: Aa2
- Fitch rating: AA+
Both ratings reflect strong confidence in Lehi's financial stability and management.
The city plans to issue up to $17 million in Water Revenue Bonds to finance a new public works facility and improve its culinary water and pressurized irrigation systems.
The bonds were authorized to bear interest rates of up to 5%.
Author's summary: Lehi City earns top credit ratings from Moody's and Fitch.
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