Janesville keeps A1 bond rating
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.
Last updated: 11:07 am Thursday, December 13, 2012