Cornelius gets AAA outstanding bond rating

Jan. 24. The town has  again received a AAA Bond Rating from Standard & Poor’s—the highest credit rating any institution can receive.

This rating is a reflection of  “robust management practices, long-term planning, very strong institutional framework” and year-over-year contributions to fund balance, according to the town.

Additionally, S&P indicated a stable outlook relative to Cornelius  “effectively managing growth and capital needs.” This rating means that residents can feel confident in the Town’s financial management.

This rating also lowers borrowing costs when the town issues bonds.