City of Gainesville - File #: 160468.

• File #: 160468.
• Version: 1
• Type: Discussion Item
• Status: To Be Introduced
• File created: 10/12/2016
• In control: Utility Advisory Board
• On agenda: 10/19/2016
• Title: UNDERSTANDING RATING AGENCIES (B)

Title

UNDERSTANDING RATING AGENCIES (B)

Explanation

A favorable credit rating is essential to GRU's financial health and it is important for the Utility Advisory Board to understand how rating agencies operate and their role in relation to GRU. To that end, GRU has asked a representative from Wells Fargo to give an informational presentation.

Recommendation:

Hear a presentation.