Moody's Investor Services Assigns Aa2 Rating to Town of Atoka
 
Posted on Wednesday January 21, 2015
 
The Town of Atoka today completed the debt rating process with Moody's Investor Services. Citing a solid financial position with ample reserves and liquidity, the Town received a strong Aa2 rating - above the national average rating for municipalities across the country.
 
As a part of the Town's ongoing effort at improving municipal operations, Atoka has completed the debt rating process with Moody's Investor Services. The review, undertaken by the Town late last year, rates the Town's creditworthiness and ability to manage existing and future municipal debt obligations.

Atoka received a rating of Aa2 – the third-highest rating available under the Moody's rating system after the Aaa and Aa1 ratings. The Aa2 rating signifies the Town as a high quality investment with a very low credit risk to investors. The nationwide average for cities of all sizes is Aa3 – a step below where Atoka has ranked.

With the Aa2 rating, the Town, which currently has variable debt from previous water and sewer project financing, expects to see significant savings as a result of lower interest rates on those loans.

A copy of the full Moody's report is available by clicking here.
 

 
Town of Atoka, Tennessee 334 Atoka-Munford Avenue Atoka, TN 38004
Phone: (901) 837-5300
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Town of Atoka   -   334 Atoka-Munford Ave.   -   Atoka, TN. 38004   -   Phone: 901-837-5300
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