Earlier this month, Moody’s Investors Service, a leading national bond credit rating company, increased the bond rating for Danville. The town has gone from Aa1 to Aaa, which is the highest rating possible from Moody’s. Danville’s ratings on Series 2001 and 2005 Certificates of Participation were also raised by Moody’s, from Aa3 to Aa2. Moody’s reviews ratings regularly, looking at a variety of key elements to determine the financial stability of a business, organization, or government body. This latest upgrade confirms the strength and stability of the Town of Danville.
According to the Moody’s report on the rating for Danville, the upgrade reflects the town’s excellent management and strong economic prospects. An example of this is the demonstration of the town’s consistent trend of large operating surpluses throughout the recession. Continued strong reserves and stable growth of Danville’s tax base, along with financial flexibility, also contributed to the high rating. Moody’s ratings are used regularly throughout business transactions among companies and government entities such as the Town of Danville. High ratings by Moody’s can help attract new companies and residents alike.
These elements of town management help ensure all who live in Danville are living a higher quality of life, and help make this such a great place to live and raise a family. If you are ready to sell or buy your home, you can benefit even more with the Ray Marquez. We are here to provide you with our exceptional and dedicated services to turn your home dreams into reality. To learn more about how we can help you, contact us directly at 925-648-5472 or email me at firstname.lastname@example.org.