FROM THE NEWSROOM: WATERBURY, Conn. (AP) — A ratings agency has - TopicsExpress

FROM THE NEWSROOM: WATERBURY, Conn. (AP) — A ratings agency has boosted Waterburys credit rating, prompting the mayor to promise to use the good news to market the city. The Republican-American reports that Standard & Poors Rating Services raised the rating by two notches, from A to AA- with a stable long-term outlook. A strong credit rating makes it easier for borrowers to get access to capital, usually at a lower interest rate. Officials say the improved rating will attract a bigger pool of bond buyers. Standard & Poors cited the citys strong management, budget flexibility, cost-cutting and modest budget surpluses. Mayor Neil M. OLeary said he plans to use the new ratings as a key point in a large marketing campaign he wants to launch early next year to draw more businesses to Waterbury.

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