![Oneonta Bond Rating Upgraded by S&P](http://townsquare.media/site/554/files/2017/04/TSM-max-user-arrow-up.jpg?w=980&q=75)
Oneonta Bond Rating Upgraded by S&P
The City of Oneonta announced its long term debt rating has been upgraded by
Standard and Poor’s.
According to a news release the rating has improved from “AA-“ from “A+” on the City of Oneonta’s general obligation debt showing that S&P believes the City has strong financial management.
This rating review was conducted in anticipation of the City’s issuance of $4.2 million in general obligation bonds next month and the higher rating will result in lower long term interest rates and lower costs to taxpayers over the life of the bonds.
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