WILDWOOD RECEIVES IMPROVING BOND RATING

The City of Wildwood is improving in the eyes of Moody’s Investor Services. The group gives financial outlooks on municipalities, which impacts the overall bond rating a city receives. The better the outlook, the cheaper it is for the municipality to borrow money. In a Dec. 4, 2014 opinion, the investor services company noted the A2 rating was based on Wildwood’s satisfactory financial position and manageable debt level, among other factors. The A2 rating indicates Wildwood’s strong capacity to meet its financial commitments. The report predicted the city’s fiscal position will continue to stabilize in coming years. Looking forward, the city’s rating could be bolstered even further with an appreciation in the city’s tax base and growth in the city’s fund balance.