Finance Committee - 02/17/2021 Page 18
Mayor Donchess
Now | think ...
Alderwoman Lu
| don’t think that’s been posted to the web site either.
Mayor Donchess
In the fall the Triple A Bond Rating was reaffirmed and that occurs when bonds are sold.
Alderwoman Lu
Because | noticed that there are reports for years passed detailing the bond sales and that did not get up their
either. | just wanted to point out that especially during this time of pandemic when City Hall is closed and
people get all of their information on line we should be extra careful to get this information available.
Mayor Donchess
Correct. What do you think there Ms. Kleiner? | would have thought that David Fredette would have posted
the rating report?
Director Kleiner
Yes Mayor, | agree. That’s very unusual. So I’m wondering if there’s not another issue but again we will look
into first thing in the morning.
Mayor Donchess
OK.
Alderwoman Lu
May | just to add, did you say the Rating Report.
Mayor Donchess
Yeah so when bonds are sold, the Standard & Poor’s and Fitch, two rating agencies, rerate the City.
Alderwoman Lu
| think that is up there.
Mayor Donchess
That is up there.
Director Kleiner
Yes, Mayor.
