Janesville keeps A1 bond rating

By STEVE BENTON Wednesday, Aug. 19, 2009

Podcast Episode

WCLO's Steve Benton reports Janesville holds on to its "A1" bond rating with Moody's Investors Service

JANESVILLE — The city of Janesville is once again rated A1 by Moody's Investors Service.

Moody's initially rated Janesville A1 in 2004, according to Assistant City Manager, Jay Winzenz. Winzenz says the closing of the General Motors plant could have had a negative impact on the rating, but other factors, including the city's continued solid financial operations, shed a positive light on the city.

The "A" rating is Moody's third highest among nine available rankings. The "1" is a sub-level within the rank with 1 the highest and 3 the lowest. The higher the ranking signifies the city is less of a risk to investors as debt is issued.

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