LEBANON, TENN. – The City of Lebanon has been assigned a credit rating of Aa2 by Moody’s Investors Service, Inc. for its Series 2020 General Obligation Refunding Bonds, it was announced this week.
Moody’s Investors Service, Inc. and its affiliates issue credit ratings based on their current opinions of the relative future credit risk of entities, credit commitments, or debt or debt-like securities.
“We are very pleased with our credit rating from Moody’s and see this as great recognition of our fiscal stewardship,” said City of Lebanon Mayor Bernie Ash. “I am proud of the hard and efficient work of our financial department in processing these refunding bonds.”
“The City plans to refund the bonds in the next couple of weeks,” Ash said.
For more information regarding the Moody’s Investor Service rating, please contact Stuart Lawson, Finance Commissioner for the City of Lebanon by email at lawsons@lebanontn.org.