Title
Update on Recent Gainesville Regional Utilities Bond Ratings (NB)
Explanation
Gainesville Regional Utilities (GRU) expects updated ratings and reports from the three financial rating companies will be available prior to the December 4, 2014 City Commission meeting. Staff will update the Commission at that time.
Fiscal Note
None
Recommendation:
The City Commission hear an update from staff outlining recent ratings from Moody's Investors Service, Standard & Poor's Financial Services LLC, and Fitch Ratings, Inc.