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Moody’s gives Las Vegas boost in bond rating to Aa3

Monday, May 15, 2000 | 11:22 a.m.

The city of Las Vegas has received one of the highest bond ratings available from its rating service.

Moody's Investors Service today raised the city's bond rating to Aa3. Such a rating provides the city a lower interest rate on its debt. The highest rating is Aaa1. The lowest is C3.

The investors service, which rates government entities' financial health, also upgraded the rating on the city's $247 million outstanding general obligation bonds.

"Moody's was impressed with our efforts to diversify our economy and with the fiscal responsibility we have shown in the handling of our finances," Goodman said in a press release.

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