Today Moody’s Investors Service upgraded the City of Pittston’s issuer and general obligation unlimited tax (GOULT) ratings toBaa2 from Baa3, affecting approximately $15 million in debt outstanding. This is confirmation that the strategies that our administration and senior staff have initiated continue to place the City on solid financial ground. Over the past several years we have seen unprecedented development and as a result, financial growth. Continued development and vigilant attention to the City’s finance will allow the administration to realize its commitment to provide the best services in the most cost-effective manner. Click here to view the full Moody’s Press Release.
