Scotty Jones, Bay City’s City Manager, announced that S&P Global Ratings has upgraded the city’s long-term rating from A+ to AA-. This change reflects the city’s strong financial health, including solid operating results and growing reserves. Jones praised the teamwork of the Council and staff in improving the city’s fiscal stability. This upgrade not only boosts the city’s financial reputation but also means lower borrowing costs, better economic development opportunities, and increased appeal to investors. The city is expected to continue its positive financial performance moving forward.