A positive report from Moody’s Investors Services regarding the city’s credit rating.

In a release, the city says it remains at Aa2 with a stable outlook.

Moody’s says the city demonstrates strong financial management practices through multi year capital planning and the implementation of timely and transparent financial reporting.

It says these practices have contributed to positive operating results.

Mayor Al McDonald says having a third party confirm what the city’s known for years is very satisfying.