The Village of Richton Park announced this week that the Village’s credit rating has now been upgraded to an investment grade of A2 by “Moody’s Ratings.”
The upgrade reflects the village’s improved and strengthened financial position, low debt burden, improved reserve position and strong financial management practices.
Moody’s Ratings is a premier credit rating agency that assesses the creditworthiness of various debt obligations and entities, providing essential insights for investors and financial markets. Moody’s provides international financial research on bonds issued by commercial and government entities, evaluating their credit risk and assigning ratings based on a standardized scale.
On a rating grade-scale of Aaa (highest quality) to C (lowest quality), Moody’s has assigned a rating of A2 to the Village of Richton Park, which is a vast improvement from the previous BBB rating by S&P Global Ratings.
Village President Rick Reinbold is ecstatic at the Village’s upgraded accreditation. “Village staff works diligently to become great stewards of leadership and exemplary governance. I am proud of our team’s accomplishments as they pursue a better Richton Park for residents.”