Scottsdale continues to maintain the highest possible rating from the three major national bond rating agencies, Standard & Poor’s, Fitch Ratings and Moody’s Investors Services, reaffirming their confidence in the city’s financial management and its economic outlook. Sottsdale is one of a handful of municipalities achieving top ratings from all three.
High bond ratings mean the city is able to sell General Obligation bonds to finance voter-approved capital projects, including new parks, libraries, pools and roads, at lower interest rates. The ratings also increase the value of existing General Obligation bonds for investors.
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Summary of Current Ratings: |
Moody's Investors Service |
Standard and Poor's Rating Group |
Fitch IBCA |
| General Obligation (GO) |
Aaa |
AAA |
AAA |
| Municipal Property Corporation (MPC) |
Aa1 |
AAA |
AA+ |
| Scottsdale Preserve Authority (SPA) |
Aa2 |
AA |
AA |
| Water & Sewer Revenue (W&S) |
Aa1 |
AAA |
AA+
|
| Highway User Revenue Fund (HURF) |
Aa3 |
AA |
Not Rated |