North Riverside mayor cites Moody’s upgrade to Baa1, credits strong reserves and pension payments
Mayor Mengoni announced Moody’s upgraded the Village of North Riverside’s credit rating from Baa2 to Baa1, saying the change reflects the village’s strong reserves, economic metrics and consistent pension contributions.
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Mayor Joseph Mengoni told the Board of Trustees that Moody’s has upgraded the Village of North Riverside’s credit rating from Baa2 to Baa1. "Moody’s cited strong reserves, solid economic metrics and consistent pension contributions," Mengoni said, characterizing the upgrade as confirmation of the village’s financial management.
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