Allows city to get better financing rates
Moody’s Investors Service has rated the City of Beacon’s credit profile as Aa2 for the sixth consecutive year. Aa2 is the third-highest long-term credit rating that the agency assigns to fixed-income securities, such as bonds.
The city’s rating is based on reserves and liquidity, which Moody’s said balanced Beacon’s elevated long-term liabilities and above-average fixed costs. The bond rating allows the city to get better interest rates on the money it borrows.