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The Town reported that Moody upgraded its credit rating to AAA after a review of its finances, including revenues, expenses, cash balances, and debt service.
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The AAA rating indicates the Town received the highest rating discussed in the meeting for its creditworthiness. The Council also unanimously approved routine consent items, including authorization to execute opioid settlements and a review of the Old Charlotte Highway, Faircroft Way, and Hayes Road intersection improvement options.
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