The City of Fishers is set to save more than $1 million in bond interest expense now the Standard & Poor’s (S&P) has upgraded the city’s bond rating to AAA, the highest rating.  Fishers is now the only city in Indiana with a AAA rating.  According to Fishers city officials, fewer than 2% of local governments qualify for this rating.

“Fishers continues to make fiscal responsibility a top priority and this designation is a testament to our proactive approach to financial management,” said Mayor Scott Fadness in a city news release. “If it wasn’t already well-known, this sends a clear message to businesses, investors and residents that Fishers should be at the top of their lists.”

In addition to receiving the AAA rating, the S&P report gave Fishers strong marks on the local economy, management, budgetary flexibility, and liquidity. The move toward a Fishers 2040 comprehensive plan also helped with S&P’s decision to bring this designation to Fishers.

“Receiving the AAA rating puts Fishers in an exclusive group and I commend city officials for their dedication to Fishers financial health,” said Fishers City County President, John Weingardt in the same news release.