Nashua Maintains Strong Bond Rating

Submitted by the City of Nashua:

Nashua Mayor Donnalee Lozeau announced today that the city was informed that Fitch Ratings affirmed its "AAA" rating for the City of Nashua, New Hampshire. This rating along with others will be used in the near future as the city prepares for a bond sale. The "AAA" rating is the highest rating attainable. The rating agency cited the city’s strong financial management, diverse and expanding economic base, and low debt levels.

Reacting to the rating, Lozeau said, “I’m extremely pleased we were able to maintain the highest rating from Fitch and we anticipate this will aid in obtaining a low rate when we sell our bonds later this year. I am pleased with the rating’s analysis that speaks to our strong commitment to reasonable budget increases along with our use of committed reserves and our increase in the unassigned fund balance. The excellent rating received reflects the City’s sound financial management practices and the overall good financial health of Nashua.”