Mansfield, Ohio, Upgraded to A3 by Moody's

Published May 07, 2015, 8:59 a.m. EDT

1 Min Read

Moody's Investors Service said it upgraded Mansfield, Ohio's general obligation limited tax rating to A3 from Baa1.

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The A3 rating applies to $5 million of GOLT debt outstanding.

The upgrade to A3 reflects the city's relatively rapid financial turnaround following their fiscal emergency declaration in August 2010.

The rating also reflects the city's moderately sized tax base and challenged broader economy; below average wealth levels; structurally balanced financial operations bolstered by healthy reserve levels; and a modest debt burden.

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