Boca receives AAA rating from agencies

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Boca is one of the first Florida cities to receive a AAA rating from all three rating agencies.

The city recently received news from Moody’s Investors Service indicated that the City and its’ Water & Sewer credit positions both remain rated Aaa, the highest credit rating level.

Citing an “exceptionally healthy economy and tax base,” the report went on to say that Boca Raton’s tax base of 29.7 billion is “significantly stronger” than the US median, and that the median family income of city residents is “very strong.”