Standard and Poor’s recently has upgraded Peachtree City’s bond rating from AA+ to AAA.

The change came after a detailed S&P analysis of city finances, finance policies and other factors in the city’s economy, according to the S&P report.

City Finance Director Paul Salvatore said the upgraded rating means the city should get even better interest rates the next time it needs financing.

The report lauded the city for “continued strong financial performance that has resulted in consistently strong reserve levels, along with strong and conservative financial management practices.”

The report also cited:

• “Built-out healthy economy with a good blend of commercial and residential development that also benefits from easy access to the Atlanta core based statistical area (CBSA);

• “Very strong wealth and income levels evidenced by extremely strong market value per capita;

• “Large and very diverse property tax base that continues to exhibit steady growth;

• “Consistently positive operating results due in part to established fiscal policies and conservative management practices; and

• “Moderate debt levels with limited additional capital needs.”

S&P also upgraded the bond rating of the city’s Water and Sewer Authority from AA+ to AAA.

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