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A Palm Coast water plant. (© FlaglerLive) S&P Global Ratings, formerly known as Standard & Poor, in June upgraded Palm Coast’s Utility Systems Bonds rating from A+ to AA-. It is the second upgrade to the city’s Utility Revenue Bonds over the last 6 months, following Fitch Rating Service raising the rating from from A+ to AA. The rating means that Palm Coast’s utility debt standing is considered at “high grade,” up from “upper medium grade,” and three levels down from “prime,” which would be AAA. (Palm Coast would have to conquer AA and AA+ first.) Credit ratings play a key role in a local government’s ability to secure lower interest loans, or to refinance existing loans accordingly. They also signal a level of financial soundness that can sometimes get lost in the din of political rhetoric and misinformation about “debt,” especially in Palm Coast.

United statesPalm coastHelena alvesRevolving fundFinancial servicesFlorida waterState revolving fundTaxable utility refunding revenue bondsஒன்றுபட்டது மாநிலங்களில்பனை கடற்கரைஹெலினா ஆல்வ்ஸ்சுழலும் நிதிநிதி சேவைகள்புளோரிடா தண்ணீர்நிலை சுழலும் நிதி