Amarillo receives coveted AAA bond rating

by Larry Lemmons
NewsChannel 10

Amarillo, Texas - The City of Amarillo has received an AAA bond rating from the Standard and Poor's Rating Service.  it's the first time in its history the city has received the rating.

The City says the "AAA" rating allows it to borrow money at the lowest interest rates available, providing taxpayers significant savings on municipal capital projects.

They say they attribute the rating to the city's strong and stable economic base, coupled with good management policies and historically strong financial performance.