The City’s Credit rating from Standard and Poor’s remains at Double A minus and stable.
The rating provided annually is based on key factors such as economy, budgetary performance, and debt burden among other factors.
The rating outlook as stable means that the rating is not likely to change in the next two years.
The challenges identified in the report facing the City include a declining and aging population.
The rating will assist the City in its ability to borrow at competitive rates.