News Flash

Shaker Heights City News

Posted on: April 21, 2022

S&P Global Ratings Affirms City's Creditworthiness

Shaker Heights Logo

S&P Global Ratings, a credit rating and research agency, affirmed the City’s financial strength and stability with its recent rating of $8 million in General Obligation Sanitary Sewer Improvement Bonds. 

S&P assigned a rating of AA+ to the sanitary sewerage improvement bonds. It also affirmed the City’s AA+ long-term rating for its outstanding general obligation debt. 

The S&P report noted that the City “continues to exhibit credit rating stability underpinned by strong management practices, a long history of very favorable financial performance, and a manageable debt and long-term liability profile.” 

Mayor David Weiss commented, “The S&P report and bond rating underscore the City’s strong financial position and our firm commitment to best practices in financial reporting, policies and procedures. We are pleased to continue to achieve very favorable bond ratings that enable us to support important projects in the City, like upgrades to our sewer infrastructure.”

For more information on the S&P Global Ratings report, contact Finance Director John Potts, 216-491-1423,

Facebook Twitter Email

Other News in Shaker Heights City News

Logo for City ENews

City ENews

Posted on: May 30, 2019
Logo for The Mayor's Report

The Mayor's Report

Posted on: May 25, 2022
Graphic for construction update notice

Chagrin Boulevard Resurfacing

Posted on: May 19, 2022
Nest Thermostat

Get a FREE Home Energy Assessment

Posted on: May 24, 2022

Free COVID Vaccine Clinic

Posted on: April 5, 2022
Shaker Heights City Hall portico

Help City Secure Federal Funding

Posted on: April 14, 2022
Graphic for construction update notice

Phase 1: Road Resurfacing

Posted on: April 28, 2022
Forward Together Logo

Forward Together

Posted on: December 29, 2021