Refinancing Saves Sugar Land Taxpayers $2.95 Million (Fort Bend Star)

Sugar Land recently refinanced five series of bonds that will save City taxpayers a total of $2.95 million over the next 12 years and reduce the City’s interest rate from 4.39 to 1.67 percent.
After the transaction was reviewed by Standard & Poor’s and Fitch Ratings, the bonds received a AAA rating. This rating is the highest bond rating a municipal bond can carry and represents a bond with minimal risk due to the strong financial management practices of the City.

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