# S&P Global Ratings has upgraded the city of Altoona’s credit from A to A-plus.

*business · news · 2026-04-23 · Altoona Mirror*

## Key points

- S&P Global Ratings upgraded Altoona's credit rating from A to A-plus after a five-year review.
- Altoona's cash reserves have grown to $14.9 million, surpassing their 10% policy target.
- The city used a $39.6 million American Rescue Plan grant to pay for infrastructure, reducing debt.
- Altoona adopted OpenGov software and brought tax collection in-house to modernize financial operations.
- Officials plan to use reserves to pay off callable bonds in five to seven years, freeing $3.4 million annually.

**Companies:** S&P Global Ratings
**Countries:** United States

[Read the full story on Altoona Mirror](https://www.altoonamirror.com/news/local-news/2026/04/sp-upgrades-altoonas-credit-rating-to-a-plus-2/)

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