New, near-perfect bond rating for Metro punctuates turnaround from just four years ago

Bond ratings are one reflection of a city’s financial health, which companies often consider when scouting where they’ll move or expand. The stronger the rating, the lower interest rate Metro can command. It was only a few years ago that Metro enacted a record 34% property tax hike to tamp down recurring budget deficits and replenish reserves that were nearly dry.