Media Kit
Talk to us

News Jan 21, 2014 - 6:43:44 AM

Standard & Poor’s Affirms Triple-A Bond Rating

By Mayor David Martin's office

Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug
STAMFORD, CT – Stamford Mayor David Martin announced last week that the City’s triple-A credit rating from Standard & Poor’s has been affirmed.

In a report issued January 17, Standard & Poor’s assigned a AAA rating with a stable outlook. The report cited the City’s strong management and financial practices, budgetary flexibility, strong budgetary performance, and very strong liquidity as factors in the rating.

“I am proud of the work our city has done to uphold our financial integrity and pleased that Standard & Poor’s has recognized this commitment with a triple-A rating,” Mayor Martin said. “Securing this rating will allow us to continue making much needed capital investments in our community and do so at the lowest possible interest cost to taxpayers.”

Director of Administration Michael Handler, whose office is responsible for developing, maintaining, and improving the City’s financial systems, also reflected on the news. “Standard & Poor’s does not assign its highest rating by accident. The City’s triple-A rating is the direct result of the hard work of our City’s dedicated work force and the strength and support of the Board of Finance and Board of Representatives,” Handler said.

Webster Bank Senior Vice President and Stamford’s financial advisor Barry Bernabe added “Standard & Poor’s affirmation of the City’s AAA bond rating is a reflection of the City’s strong management practices, rigorous budgetary performance, and the fiscal discipline to maintain and grow financial reserves during a challenging economic environment.”

© Copyright by Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of, Stamford Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar. Photos without a credit line are "contributed photos".

[an error occurred while processing this directive]

Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
Stamford Superintendent and Mayor Name Winners of Annual Holiday Greeting Card Art Contest
American Red Cross Urges People to Prevent Kitchen Fires
Simsbury Students Create Art Gallery at Retirement Community
Richard Fuller to be Posthumously Inducted into the Connecticut Veterans Hall of Fame

Top of Page
 is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | | Best of Norwalk | Best of Stamford | Hauterfly Magazine |

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.