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Mission Viejo's credit rating jumps to AAA status
Distinction due to solid financial position, proactive fiscal management.
By Kristen SchottPublished: June 12, 2009 11:36 AM
Mission Viejo's credit rating was recently upgraded to AAA, and the city can thank its strong financial position and proactive fiscal management for the distinction.
Standard & Poor's AAA rating is the highest available. The firm raised the rating on the debt of communities that demonstrate economic stability, strong financial performance and good management practices.
“The key to a higher rating, in our opinion, is achieving a balance between location and economic opportunity that helps maintain financial stability,” according to the firm's June report.
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Standard & Poor's AAA rating is the highest available. The firm raised the rating on the debt of communities that demonstrate economic stability, strong financial performance and good management practices. “The key to a higher rating, in our opinion, is achieving a balance between location and economic opportunity that helps maintain financial stability,” according to the firm's June report. NEXT PAGE >> Related headlines 'OC METRO Minute,' June 12: Median asking price of home, condo in O.C. Consumer confidence hits highest mark in more than a year O.C. sees 20 percent drop in foreclosure activity between April and May Orange County sees third largest percentage drop in unemployment in April |
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