Earlier this month, Moody’s Investors Service issued an updated Credit Opinion for the City of Maple Heights, increasing its issuer rating to (Baaa3 stable). This new rating is significant, because Moody’s has increased the City’s rating by two levels from last year’s rating.
The Credit opinion states, ‘The stable outlook reflects the budgetary cushion afforded to the city by its improved operating fund balance and liquidity which will allow it to absorb potential financial challenges that could arise from recessionary cycles, inflationary impacts, or other budget stresses.’