Huntsville earns high rating from Moody's Investors Service, Inc.

Mayor Loretta Spencer announced at a press conference held May 9, that the City of Huntsville was granted a Aa1 credit rating by Moody's Investors Service, Inc. This is the highest rating the city can achieve. conservative budgeting and sound fiscal management were cited by Moody's as the basis for this upgrade. Only a few mid-sized cities have achieved an Aa1 rating. "The benefit to Huntsville is that the interest rate on city debt is lower, so more tax revenue can be used for public services. In addition this outside evaluation can give Huntsville residents and business a high degree of confidence in the financial management of the city which helps insure stability in the services the city provides." - Denise Taylor, Director of Public Communications.