Glendale announced Oct. 28 it has achieved a AAA bond rating on its excise tax debt from S&P Global Ratings, which is the highest level possible in this appraisal.

Economic growth coupled with fiscal management have helped Glendale to consistently maintain an excellent financial position and reach these new heights in financial wellbeing.

“It’s a huge accomplishment,” stated Assistant City Manager Vicki Rios in a press release. “S&P raising our bond rating for the excise tax debt validates that our City Council and city leadership consistently demonstrate a conservative and forward-thinking approach to budgeting.”

S&P praised Glendale’s expanding and broad tax base derived from sustained growth in residents, strategic retail businesses and entertainment investments, along with positive

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