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The original item was published from 2/9/2023 4:39:12 PM to 2/24/2023 12:00:04 AM.

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Posted on: February 9, 2023

[ARCHIVED] Grandview Heights Earns ‘AAA’ Credit Rating from S&P Global Ratings

Ec Dev Strategy

The City of Grandview Heights has earned a ‘AAA’ bond rating from S&P Global Ratings. A ‘AAA’ rating is the highest rating that can be awarded. Such a distinction allows the City to bond projects such as the new Fire/EMS, Police, and Administrative Services Facility at a lower interest rate.

Finance Director Megan Miller added, “It is difficult to achieve and maintain a ‘AAA’ rating. Despite the challenges presented by the pandemic we have proven to be resilient and on a good path with our financial policies and management.”

S&P Global Ratings cited the City’s very strong economy, management, and solid budgetary performance generating multiyear operating surpluses resulting in ample available reserves as part of the justification for the rating.  

“The City – in particular our Finance Department – has worked diligently to create a track record of good fiscal stewardship, sound practices, and conservative spending. I am incredibly proud of where we are today thanks to their efforts. These practices continue to be in place under the leadership of Director Miller and will serve our community well for decades to come,” said Mayor Greta Kearns.   

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