Arcadia's bond rating raised to highest possible AAA rating from Standard and Poor's (S&P), with the outlook for the city as "stable." The rating increase from AA to the highest rating of AAA is a reflection of Arcadia's strong economy, budgetary performance and flexibility and liquidity, but namely strong management and solid financial practices and responsibility by city leaders. See also Arcadia Weekly, p. 13, November 3, 2016.