Village of Estero receives AAA bond rating from Standard & Poor’s, currently has no debt

J. Kyle Foster | Fort Myers News-Press

Fast-growing Estero has no debt, but if it wants to take some on for its many capital improvement projects there’s a clear path: It has the highest government rating given by S&P Global Ratings.

S&P bestowed its AAA rating on Estero in November after the village applied for a review. It’s only the 12th city in Florida, second in Southwest Florida and the only one in Lee County to receive the rating, out of 400 rated cities in the state, said Wendell Gaertner of Prag Public Resources Advisory Group, which helped the village through the rating process.

Naples in Collier County received a AAA rating on its debt in July. The city has $21.35 million series 2024 capital improvement revenue bonds.

Read the full article on naplesnews.com.