Gallatin receives upgraded bond rating

The city of Gallatin has received a bond rating upgrade from Moody’s Ratings, moving the city to an Aa1 rating, the second highest rating available for local governments. By achieving this higher rating, the city can secure lower interest rates when borrowing money for major infrastructure and capital projects such as roads, utilities, public safety facilities, and parks. As part of the process, the firm reviewed the city’s water, sewer, and electric system bonds during the process, but the upgrade was due large in part to the city’s  expanding residential, commercial, and industrial development, along with healthy financial reserves and consistent financial performance. Moody’s additionally cited Gallatin’s growing tax base, economic activity, and overall financial stability as positive indicators for the city’s future.