City of Alton Achieves Credit Rating Upgrade from S&P Global Ratings
ALTON – The City of Alton is pleased to announce that S&P Global Ratings has upgraded its credit rating from an A to an A+, reflecting significant improvements in the city’s financial health, including enhanced budgetary performance and effective management of its pension plans. This upgrade is accompanied by a stable outlook, reinforcing confidence in the city’s fiscal policies and strategies. “This enhanced rating from S&P Global is a testament to the City’s solid financial strategy and discipline followed over the last 3 years,” said Debbie Dunlap, City Comptroller. “We are proud of the significant strides the City has accomplished by being fiscally responsible, thus creating a strong financial foundation for the City of Alton.” S&P Global Ratings recognized the City of Alton's substantial strides in its budgetary performance over the past two fiscal years. After facing challenges including above-budget spending, revenue reductions
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