Credit agency rates New Bedford a sound investment Heres why this matters to residents

NEW BEDFORD – New Bedford’s a sound investment, according to international credit-rating agency Standard & Poor’s. Its recent AA rating of the city’s economic profile helped prompt strong interest in purchasing long and short term city bonds totalling over $46 million to fund ongoing capital projects. That money will go toward projects in public safety, road upkeep, communications, waste water infrastructure, drinking water infrastructure, and school renovations. The city’s positive AA rating, one step below the top rating available, spurred 16 bidders to vie for the bond purchases, well above the five responding in the previous year. Apartment hunting: A…