City of Northport announces improved finance ratings

Northport City Council

By WVUA Digital Reporter Anneliese Taggart

The city of Northport has been awarded an AA Stable credit rating by both S&P Global and Fitch Ratings, which is an upgrade from the City’s previous rating of AA-.

According to a release from the city, S&P found “Northport has notably improved its finances and management and benefitted from a steadily growing local economy” along with “newly implemented fiscal-management practices” that “support stable financial metrics”.

Fitch Ratings noted, “The city demonstrates strong financial management through conservative budgeting and active expenditure management.”

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