Atlantic City received some much needed positive financial news recently. The credit rating agency Standard & Poor’s gave an A- rating to investments relating to Atlantic City.
The A-rating means that the S&P considers Atlantic City to have a “stable outlook.”
“It’s very good news for the city,” said Finance Director Michael Stinson in the Press of Atlantic City. The rating will help the municipality secure a more favorable interest rate when it tries to sell about $55 million in bonds later this month.