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Glendale receives AA+ rating upgrade; ADOT grant to extend airport runway life
Summary
City officials said S&P Global upgraded Glendale’s general obligation rating to AA+ and that the city will receive an ADOT grant for an asphalt overlay to extend the airport runway’s service life by about 10 years.
Glendale — City officials told the council on Sept. 9 that S&P Global Ratings upgraded Glendale’s general obligation credit rating from AA to AA+ and assigned the same rating to a forthcoming $17 million general‑obligation bond, and that the Arizona Department of Transportation awarded a nearly $2 million grant for an asphalt overlay of the airport runway.
In a report to the council, the…
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