Standard & Poor's upgrades Fall River bond rating

The cityof Fall River on Thursday announced its highest bond rating in a decade.

Mayor WillFlanagan announced Standard{}& Poor's upgraded the city's bond rating fromBBB to A-. He also expressed confidence that the increase will attract newbusiness.

"From afiscal standpoint, we're solid," Flanagan said.

While thebond rating has gone up, so have taxes and cost of living over the years.Flanagan said along with bringing in new business, these are the city's mostcumbersome financial challenges.

He alsosaid an A- isn't good enough.

"An A- isa good rating but we also want to go up to an AA rating," Flanagan said.

Flanagan credited a strong financial team and weekly financialplanning meetings for this success, those started when he took office.