BONUS ROI
MUNICIPAL BOND RATING
Cities often depend on municipal bonds to help finance civic improvements. Municipal bonds are rated by an independent bond ratings agency, such as Moody’s, S&P, or Fitch. The rating agency investigates the city’s financial health and assigns a letter grade (i.e., “AAA”) to label bond risk for potential investors. “When underwriters evaluate cities, proactive, forward-thinking management practices influence their determinations,” observes Harry Hayes, former chief operating officer for the City of Houston, in Texas. “Practices like automating waste and recycling collection with a digital management solution like Routeware SmartCity speaks well of city leadership and may help the city earn a higher, more attractive bond rating. Continued reliance on old school, paper-based route sheets puts that favorable bond rating at risk.”
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