MURRIETA – Strong management, solid budgetary performance and weak debt are a few of the factors behind the Murrieta’s recent Standard & Poors ratings boost. S & P is an international firm that analyzes creditworthiness of businesses and public entities in 128 countries and sets benchmarks for financial well-being.
“We earned a double A rating on both rating scales,” Stacey Stevenson, director of administrative services for Murrieta, said. “This is a truly important recognition in the finance world, as it identifies us as a solid, stable and financially secure city. But the resulting benefits go well beyond City Hall and impact our entire community.”
Some of those plusses include lower interest rates on loans, a greater ability to attract and retain businesses and