Moody’s Upgrades Dubuque’s Issuer Rating

Moody’s Investors Service has upgraded the City of Dubuque’s issuer rating and outstanding general obligation unlimited tax bonds from Aa3 to Aa2, the third-highest rating possible.  The improved rating will assist the City in securing the best terms for financial products like loans, which can provide substantial savings for the City and taxpayers. According to Moody’s, the issuer rating was upgraded to Aa2 because “the City has strong financial operations and ample revenue-raising flexibility, which has resulted in steadily improved available fund balance and cash