Revenue Bond Rating Index
Index that quantifies the City's Revenue Bond rating from Standard & Poors. 10 point scale with 10 being the highest available rating which is equivalent to AAA.
An 8 is Equivalent to AA rating on a 10 point scale and is a very high target the City has continued to focus toward maintaining.
The City currently possesses bond ratings from Fitch (AA) and Standard & Poor’s (AA) that are slightly below the highest AAA rating awarded by both firms. Bond ratings reflect a detailed analysis of a city’s ability to repay debt and include an assessment of the local-regional economy, the city’s overall administration, financial policies, and track record in managing their financial position over the peaks and valleys of the economic cycle. A consolidated numerical rating is presented as 8.0 on a scale of 1-10, with 10 being the best quality investment rating achievable.