Moody’s assigns GovGuam’s general obligation bonds highest rating in 15 years

HAGÅTÑA, Guam — Bond rating agency Moody’s assigned the government of Guam’s general fund a rating of Ba1, which is the highest rating for GovGuam in 15 years and is two notches above the rating assigned by Standard & Poor’s Global, upgraded in 2013.

                 According to the report, the credit rating reflects the challenges to Guam’s economy, which includes an economy based on tourism and military; the General Fund’s deficits in fiscal 2014 and 2015 that are attributable . . .

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