Lehi City Earns Top Credit Ratings
Lehi City has earned top credit ratings from Moody's and Fitch, two of the nation's leading financial rating agencies, ahead of its upcoming sale of water revenue bonds.
Moody's Investors Service assigned a rating of Aa2, and Fitch Ratings assigned an AA+ rating, reflecting strong confidence in Lehi's financial stability and management.
- Moody's rating: Aa2
- Fitch rating: AA+
The city plans to issue up to $17 million in Water Revenue Bonds to finance a new public works facility and improve its culinary water and pressurized irrigation systems.
The bonds were authorized to bear interest rates of up to 5.
Author's summary: Lehi City earns high credit ratings from Moody's and Fitch.
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