Rochester Hills Receives ‘AAA’ Rating from Fitch

Strong Financial Position and Good Management Practices Cited Rochester Hills, Michigan– The City of Rochester Hills is proud to announce that it has received an ‘AAA’ Rating from Fitch Ratings, the leading global rating agency. The recent ratings review by Fitch affirms the ‘AAA’ rating with a stable outlook of the city of Rochester Hills's general obligation limited tax capital improvement bonds, series 2002, as well as the outstanding maturity of the Rochester Hills Building Authority's … [Read more...]

Kostal Kontakt System to Open Rochester Hills Facility

Rochester Hills Gains $27 Million Dollar Investment and New Jobs  The KOSTAL Group, headquartered in Luedenscheid, Germany, announced its plan to invest $27.1 Million to form two new companies, KOSTAL Kontakt Systeme, Inc. and KOSTAL Industrial Electronics, Inc., both to be settled into a 92,000-square-foot facility in Rochester Hills, Michigan. “We are relocating the existing production of our Connector Systems that support the renewable energy and green energy market,” said KOSTAL … [Read more...]