City Hall Reopens with Protective Measures

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Moody's is the latest rating agency to reassess its outlook for the City and upgrade the G.O. (General Obligation) bond rating to A2 from A3. The investment firm also removed the "negative" outlook. Last year, Standard & Poor's upgraded the City's bonds by 4 notches to A+. Both upgrades reflect the Governing Body's fiscal policies and significant improvements in the City's financial position since the recession.

A copy of Moody's analysis is attached below.