Lawrenceburg Rated "AA Stable" By S&P Global Ratings Scale

Tuesday, May 14th, 2019 9:32am

By City of Lawrenceburg Clerk-Treasurer's Office, news release

AA Stable Level awarded to Lawrenceburg for the county is below the national unemployment rate.

File photo

(Lawrenceburg, Ind.) - The City of Lawrenceburg is proud to announce that Standard & Poors Global Ratings has placed the City at an AA Stable level. They noted that, "...Lawrenceburg's records of very strong debt; stable financial operations; and maintenance of very strong cash-based reserves, backed by prudent financial management, support credit quality."

They also noted the rating was based on, "Strong economy, with access to a broad and diverse metropolitan statistical area (MSA), strong management, with good financial policies and practices under our Financial Management Assessment (FMA) methodology, very strong budgetary flexibility, with high available cash-based reserves in fiscal 2018 at 143% of operating expenditures, very strong liquidity, which we expect will likely remain very strong, very strong debt-and-contingent-liability position, with no debt service paid from governmental funds and net direct debt that is 16.5% of total governmental fund revenues; and strong institutional framework score."

S&P also noted that the local economy was very strong with employers such as Hollywood Casino and Highpoint Health. The county was below the national unemployment rate. 

S&P stated that, "The stable outlook reflects S & P Global Ratings' opinion of Lawrenceburg's very strong budgetary flexibility and liquidity. We think Lawrenceburg's very strong debt-and-liability profile provides further rating stability. Therefore, we do not expect to change that rating during the outlook's two-year period."

The full S&P global report will be made available on the Clerk-Treasurer's web site by the end of the week. 

More from Local News


Accused Strip Bar Robber Enters Not Guilty Plea

Francisco Vazquez has been ordered to have no contact with the victims.

Pop Machine Thief Caught On Camera, But Still At-Large

Can you help police identify this suspect who broke into two vending machines in West Harrison?

Interstate 74 Lane Closures Tuesday

I-74 lanes will be restricted Tuesday, August 20 from 9:00 a.m. until 2:00 p.m.

Beacon Ortho: As School Begins, Remember To Lighten Up

Doctors with Beacon Orthopaedics & Sports Medicine say schoolchildren's backpacks can cause harm if they get too weighed down with books and other items.

Local Sports Report - August 16 & 17

The first big weekend of fall sports included soccer, volleyball, golf, and cross country.

Local Sports Report - August 15

Franklin County's Gracie Graf carded a 9-hole round of 40 to help with Wildcats defeat New Castle Thursday.

On Air

Bubba Bo playing
Zac Brown Band - Knee Deep

Keith Urban You Look Good In My Shirt 6:11
Garth Brooks Dive Bar 6:05
George Strait Cowboys Like Us 5:56
Miranda Lambert It All Comes Out In The Wash 5:52