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Credit Ratings

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Displaying items 1-5
  • Glendale Council approves rate increases

    Glendale Council approves rate increases
    In a 3-2 vote, the City Council on Tuesday night approved five years of electricity rate increases through 2018. When compounded, the increases equate to a 29% hike for Glendale's residents.
  • Glendale council OKs bonds for power utility upgrades

    Glendale council OKs bonds for power utility upgrades
    The City Council this week approved issuing $60 million in bonds for electricity-related capital improvements, a move that will cost city coffers about $3 million a year in principle and interest payments. The bonds, which were already incorporated into...

    Glendale receives AAA rating

    Wall Street's biggest credit rating agency, Standard & Poor's, has affirmed Glendale's AAA rating, citing the city's strong financial performance and management practices. The stable outlook puts Glendale's credit worthiness higher than that of the...

    Letter: High bond rating not important

    Congratulations to Bert Ring on his Sept. 28 political cartoon. Our City Council has again come out saying the Los Angeles County civil grand jury report on the fiscal health of our city was not worth the paper on which it was printed. Our financial...

    Bob Hope gets credit rating warning

    Bob Hope gets credit rating warning
    Bob Hope Airport received a warning this week that its credit rating is likely to suffer if it issues bonds to cover most of the construction costs for its proposed $120-million transit center. On Tuesday, Fitch Ratings put out a “negative watch&...