The city of Snoqualmie’s credit rating was increased recently from A+ to AA- by Standard & Poor’s.

The AA- rating applies to Snoqualmie’s general obligation bonds, which support city projects and infrastructure improvements. The rating will improve the ability for the city to market its bonds to financial institutions providing lower interest rates and lower bond insurance programs.

The Standard & Poor’s Rating Report cites the cities’ sound investment and debt management policies, as well as its significant financial reserves, as the primary reasons for the upgrade.

The report is posted on the city website at www.cityofsnoqualmie.org, on the Finance Office page.