Standard & Poor’s, one of the nation’s bond-rating agencies, recently upgraded the City of Hastings’ general obligation bonds to AA+ and assigned an AA+ rating to the City’s $4.45 million series 2023A General Obligation bonds, which will be issued in early June for the City’s 2023 Neighborhood Infrastructure Improvements project. City Administrator Dan Wietecha commented on the rating upgrade.
The AA+ designations will result in lower interest costs for the City.
