I. Why Do You Want a Bond Rating or a Rating Upgrade? . Tangible Benefits1.Lower Direct Borrowing Cost (Lower Interest Rate)2.Lower Indirect Borrowing Cost (Lower Bond Insurance Premium)B.Intangible Benefits1.Signals Good Governance and Management2.Indicates Community Strength3.Promotes Community Pride.
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1. FLORIDA GOVERNMENT FINANCE OFFICERS ASSOCIATION RATINGS: WHAT THEY MEAN AND HOW TO IMPROVE YOURS NATE ECKLOFF, RBC CAPITAL MARKETS November 17, 2006