Six years after municipal finances took a grim turn, Elgin made history in the opposite direction.On Dec. 12, the city’s bond rating was upgraded for the second time within a year — a first for Elgin — and third time in two years. Bond ratings are independent opinions on an entity’s financial stability and creditworthiness.“This upgrade is another great example of what we can accomplish through teamwork and commitment by the council, city staff, and our citizens” said Mayor Theresa McShan.“Continued financial stability is a key to our future.”Moody’s Investors Service announced the rating upgrade to the issuer and general obligation limited tax ratings. For the first time since 2015, the city’s investing ...