The City of East Point is proud to announce that its bond rating has been upgraded to Aa3. This rating was issued by Moody’s Investors Service, a wholly-owned credit rating agency. They upgraded the City’s General Obligation Limited Tax rating to Aa3 from A1. Mayor Deana Holiday Ingraham says she’s proud of the progress the City continues to make.

“The City of East Point takes great pride in its Aa3 bond rating,” said Mayor Deana Holiday Ingraham. “This is a reflection that the City continues to move in a positive direction, is fiscally responsible, and has a strong economic base.”

The Aa3 issuer rating reflects the City’s sizeable tax base which benefits from its proximity to Atlanta, strong reserve and liquidity levels, its elevated fixed costs, low debt burden, and prudent fiscal management. The City’s financial policies strongly ensure that the Finance Department properly manages the City’s budget. In their press release, Moody’s Investors Service stated that their expectation is “that the city’s overall credit profile will remain stable.”