Standard & Poor’s raised the city of Victoria’s general obligation rating one notch to AA-plus in recognition of good financial management that has contributed to positive general fund operations and the maintenance of very strong reserves.

The upgrade comes in conjunction with the agency’s review of the city’s sale of $3.5 million of permanent improvement revolving fund GOs.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.