City of Leavenworth Credit Rating Upgraded to AA

The City of Leavenworth has recently received an upgrade in its credit rating from Standard and Poor’s (S&P), moving from “A+” to “AA”, a significant milestone for the local government. Announced on March 15, 2017, this upgrade was met with enthusiasm from city officials, including City Administrator Joel Walinski, who highlighted the rarity of such a two-grade increase. Councilwoman Carolyn Wilson pointed out that this rating reflects the city’s strong financial management and effective policies that serve its residents. Finance Director Chantell Steiner elaborated on the factors contributing to the upgrade, including robust fund balances, a thriving local economy, and sound debt management policies. The upgraded rating is expected to lower interest costs, offering fiscal benefits to the city and its citizens.

Councilman Richard Brinkman echoed this sentiment, expressing pride in the city’s achievement and its implications for future financial activities. This positive development not only showcases Leavenworth's financial stability but also enhances its appeal for potential investments. Overall, the upgrade signifies a commitment to responsible governance and financial integrity.