The City of Peosta has received a AA- bond rating from the S&P Global Ratings. The rating indicates the city’s creditworthiness and its likelihood of meeting financial obligations. This is the first year the city has received an S&P rating, which is used by some creditors when setting interest rates when considering loan applications from local governments. City Administrator Anette Ernst said city officials were pleased with the rating, adding that AA- is an impressive score for a city of Peosta’s size. Scores are administered on a scale from AAA, which is the highest possible score, to D.
