Spain matches record heat; 16 Italy cities on red alert
kob.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kob.com Daily Mail and Mail on Sunday newspapers.
Spain matches record heat; 16 Italy cities on red alert
kob.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kob.com Daily Mail and Mail on Sunday newspapers.
Mulheres na direção das fazendas de café têm menos acesso à tecnologia
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A Palm Coast water plant. (© FlaglerLive)
S&P Global Ratings, formerly known as Standard & Poor, in June upgraded Palm Coast’s Utility Systems Bonds rating from A+ to AA-. It is the second upgrade to the city’s Utility Revenue Bonds over the last 6 months, following Fitch Rating Service raising the rating from from A+ to AA.
The rating means that Palm Coast’s utility debt standing is considered at “high grade,” up from “upper medium grade,” and three levels down from “prime,” which would be AAA. (Palm Coast would have to conquer AA and AA+ first.)
Credit ratings play a key role in a local government’s ability to secure lower interest loans, or to refinance existing loans accordingly. They also signal a level of financial soundness that can sometimes get lost in the din of political rhetoric and misinformation about “debt,” especially in Palm Coast.