City’s Utility Bond Rating Upgraded

Kirksville’s utility bond rating has been upgraded. The City recently completed a bond credit rating by S&P Global Ratings for the issuance of Series 2021 Combined Waterworks and Sewerage System Refunding Revenue Bonds. As a result of this process, the City’s long-term rating was upgraded from “A-“ to “A.” This upgrade in the City’s utility bond rating signifies a stable outlook and reflects the good financial prudence of the City’s utility operation. Credit ratings are established to reflect the ability and willingness of debt issuers to meet financial obligations on time and in full. S&P Global has over 150 years of experience and operates in 128 countries.