Littlefield’s bond rating is upgraded once again

Standard & Poor’s (S&P) Ratings Services recently raised its long-term and underlying rating (SPUR) on Littlefield Texas’ general obligation (GO) bond from ‘BB’ to ‘BBB-’, based on the city’s implementation of several revenue enhancement measures and expenditure cuts that have continued to improve its financial position and ability to meet its long-term debt obligations. City Manager Mike Arismendez reported, “The outlook is stable, according to the S&P bond review committee.
 
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