Recently a small delegation representing West Valley City traveled to San Francisco to present the City's finances to firms associated with municipal bonds and the credit market. The good news and forecasts that came from these meetings resulted in a strong financial outlook for the City amidst of the current economic slowdown. I currently serve as a City Council representative on the West Valley Audit committee and after recently reviewing in detail the corresponding citywide audit, I remain confident that we continue to weather the current economic slide and emerge from the recession and leaner and more efficient City. Also with this good credit rating news we will be able to continue to reduce City debt and save money on financing costs of City facilities and infrastructure. With this we will also need to be prepared to capture new jobs, development, and businesses opportunities on the next wave when local and national economies begin to expand.
According to Business Wire, Fitch Ratings affirms West Valley City's Bonds as follows:
Sales Tax Revenue: 'AA-' Stable Outlook
Lease Revenue Bonds: 'A+' & 'A' Stable Outlook
You can read the full article at http://www.businesswire.com/
According to Business Wire, Fitch Ratings affirms West Valley City's Bonds as follows:
Sales Tax Revenue: 'AA-' Stable Outlook
Lease Revenue Bonds: 'A+' & 'A' Stable Outlook
You can read the full article at http://www.businesswire.com/
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