Rhome's bond rating and why is it important?
As of the spring of 2023, the City had an A+ bond rating! This allows us to finance projects at a lower interest rate and also shows that we have been good stewards of the funds that we have already borrowed. You may compare our bond rating as a tool that is similar to your own personal credit rating. It helps lenders evaluate the likelihood of the City repaying the loans on time. City’s bond ratings are determined using a variety of financial factors, such as: debt management per capita, overall financial performance, economic outlook based on tax base, income, population, employment numbers, etc.