Oro Valley gets A+ on financial company's report card - Tucson News Now

Oro Valley gets A+ on financial company's report card

ORO VALLEY, AZ (Tucson News Now) -

Standard & Poor's likes what it sees in the finances for a road improvement district -- so much so, it's raising its bond rating for that district two notches, from A- to A+.

The rating applies to the Oro Valley Oracle Road Improvement District's special assessment revenue bonds.  The report from S&P states: "The stable outlook reflects our view of Oro Valley's very strong and stable economy and management."

"We are extremely pleased that Standard & Poor's has recognized the Town for its strong management and budgetary practices," said Oro Valley Finance Director Stacey Lemos in a press release. "To receive a two-notch upgrade on our outstanding debt in this slowly-recovering economy is rare." 

The higher rating will let Oro Valley get bonds at lower interest rates, saving taxpayer dollars on debt payments.

Copyright 2014 Tucson News Now. All rights reserved.

  • Trending StoriesTrending StoriesMore>>

  • American ISIS wife endured horror, now wants to come home

    American ISIS wife endured horror, now wants to come home

    Thursday, April 19 2018 7:26 PM EDT2018-04-19 23:26:55 GMT
    Thursday, April 19 2018 9:02 PM EDT2018-04-20 01:02:08 GMT

    Sam Sally says she was coerced by her husband, who has since died, into crossing into ISIS territory while on vacation in Turkey four years ago.

    Sam Sally says she was coerced by her husband, who has since died, into crossing into ISIS territory while on vacation in Turkey four years ago.

  • 1 student injured in Florida school shooting; suspect in custody

    1 student injured in Florida school shooting; suspect in custody

    Friday, April 20 2018 9:27 AM EDT2018-04-20 13:27:44 GMT
    Friday, April 20 2018 10:39 AM EDT2018-04-20 14:39:55 GMT

    One student was injured in a school shooting at Forest High School in Ocala, FL. Police say the shooter is another student.

    One student was injured in a school shooting at Forest High School in Ocala, FL. Police say the shooter is another student.

  • Couple killed Vietnam vet, burned body while kids watched, authorities say

    Couple killed Vietnam vet, burned body while kids watched, authorities say

    Friday, April 20 2018 7:58 AM EDT2018-04-20 11:58:17 GMT
    Friday, April 20 2018 7:58 AM EDT2018-04-20 11:58:17 GMT
    Stacie Mendoza and her husband, Jose Mendoza, were arrested in the torture and murder of a Vietnam War veteran. (Hanford Police Department via AP)Stacie Mendoza and her husband, Jose Mendoza, were arrested in the torture and murder of a Vietnam War veteran. (Hanford Police Department via AP)

    Authorities believe Stacie Mendoza, a waitress, used her friendship with Kenneth Coyle to get access to his financial information.

    Authorities believe Stacie Mendoza, a waitress, used her friendship with Kenneth Coyle to get access to his financial information.

Powered by Frankly