Rochester’s AAA Bond Rating Affirmed

Standard and Poor’s has affirmed Rochester’s Triple-A long-term debt rating and its A-1+ rating for the city’s short-term bonds issued for wastewater treatment programs.

The rating services firm cited Rochester’s strong economy, the city government’s healthy budget reserves and its very strong fiscal management in announcing the continuation of the top bond rating for the next two years.

The rating will help keep debt service expenses low as Rochester prepares to issue an additional $80-million dollars in debt over the next couple years.