The City of Manassas has maintained high credit ratings with the two major global credit rating agencies, Moody’s and S&P Global, according to a Monday press release.
These credit ratings ensure the city can borrow money at lower interest rates and signal the city is in a stable financial condition. The lowest rating an entity can receive is a C or D, depending on the agency issuing the rating. These ratings, according to Investopedia, help investors determine the riskiness associated with investing in bonds issued by a company, government or a government agency.
Moody’s gave the city an AAA rating, the highest rating a municipality can get. S&P Global maintained the city’s AAA rating from the previous year.
“The upgraded rating is the result of the commitment and hard work of staff and implementing sound, modern financial policies that benefit the City of Manassas,” Interim City Manager Douglas Keen said.
Lisa Sievel-Otten, the city’s acting communications director, said Manassas first received the AAA rating from S&P Global in July 2016, and has maintained it since. Other than that, the city could not provide more historical data on the credit ratings.
Neighboring localities have also received top ratings from the major rating agencies, including Prince William County, Fairfax County, the City of Alexandria and Fauquier County, to name a few.
Update 2 p.m. Oct. 25: An earlier version of this article stated Moody’s gave the City of Manassas a Aa1 rating. Moody’s gave the city a rating of AAA, and the Aa1 rating was from 2023.Â
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Inspired by local physicians who were among the nation’s first to adopt the concierge medicine model, Northern Virginia is now a hub for its surging popularity. These leading physicians are redefining the patient experience with same-day appointments, direct availability, unhurried visits, and deeply personalized care:
After almost 40 years in practice, Manassas-based Internist John Cary, MD’s change to concierge medicine enabled focused attention for each individual, and the launch of his innovative diet program for those with type 2 diabetes. “The goal is to promote enough weight loss to reach an acceptable A1C of 6% with no medication,” he explains. “Achieving that can take several months of very close follow up. As I tell my patients, we are in this together.”
Jay Tyroler, MD considers his patients quite literally as family. “I believe there’s nothing more honorable than helping patients when they’re sick, or scared, or feeling vulnerable, and I care for them exactly as I would my loved ones.” Whether for a specialist referral, urgent health issue or ongoing follow up, “My patients know I’m always just a phone call away.”
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Participate in the 33rd Annual Van Metre 5K Run—a race that goes further than 3.1 miles, where every stride you take supports Children’s National Hospital. The Van Metre 5K Run donates 100% of proceeds to Children’s National Hospital and has
