Westfield-Washington Public Library, IN GO Debt Rating Raised To 'A+' On Stronger Finances, Rapidly Improving Economy

SALT LAKE CITY (S&P Global Ratings) Nov. 8, 2024--S&P Global Ratings raised the rating on Westfield-Washington Public Library, Ind.'s general obligation (GO) debt one notch to 'A+' from 'A'. The outlook is positive. The rating action reflects our opinion of materially improved finances and reserves and rapidly improving economic metrics in the broader region. The positive outlook reflects its continued strong finances, which we expect the district will likely sustain, and rapidly improving local economy. The rating reflects the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. "There is a one-in-three chance we could raise the rating further within the next two years if the district were to report surpluses, if it were

...November 8, 2024 SALT LAKE CITY (S&P Global Ratings) Nov. 8, 2024--S&P Global Ratings raised the rating on Westfield-Washington Public Library, Ind.'s general obligation (GO) debt one notch to 'A+' from 'A'. The outlook is positive. The rating action reflects our opinion of materially improved finances and reserves and rapidly improving economic metrics in the broader region. The positive outlook reflects its continued strong finances, which we expect the district will likely sustain, and rapidly improving local economy. The rating reflects the application of its criteria, "Methodology For Rating U.S. Governments," published Sept. 9, 2024, on RatingsDirect. "There is a one-in-three chance we could raise the rating further within the next two years if the district were to report surpluses, if it were to maintain high cash-based reserves, if debt were to remain manageable, and if economic revenue trends were to remain favorable," said S&P Global Ratings credit analyst Anna Uboytseva. "We...

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