Standard & Poor’s improves Reno’s bond rating
Standard & Poor’s has upgraded the city of Reno’s general obligation bond rating from A- to A+ with a stable outlook.
In athe report released last week, S&P says the city’s upgraded rating is thethe result of a bi-annual review, and the rating S&P states that it is not expecteddoesn’t expect to change the new rating during the two-year outlook horizon.
To qualify, an applicant’s ranch or farm must have belonged to his or her family for at least 100 years and must be a working ranch or farm with a minimum of 160 acres. Operations with fewer than 160 acres must have gross yearly sales of at least $1,000.