Bristol Virginia Receives Good Financial News

Moody’s Investors Service has upgraded Bristol Virginia’s financial ratings, improving the city’s ranking by two grade levels. The revision upward is due to the city’s improved financial health. During the last two years Bristol has established financial policies, which serve as the roadmap for the city to continue on the path of financial stability. The financial policies focus on the goals of eliminating the city’s reliance on short term borrowing to finance operations, maintaining the fund balance goals and establishing reserve accounts.