Moody's, S&P affirm OKC's AAA bond rating

Published Tuesday, March 23, 2021
by Staff Reports

Moody’s Investors Service and S&P Global Ratings have each affirmed the City of Oklahoma City’s top-notch bond rating and stable long-term outlook.

Moody’s affirmed the City’s Aaa rating and stable outlook in a March 11 report, and S&P affirmed its AAA rating and stable outlook in a March 15 report. The triple-A ratings are the highest awarded by each agency. It’s the 11th year in a row OKC achieved the highest rating.

“It’s a true testament to the wisdom of the Mayor and City Council’s careful approach to financial management that the City maintained top credit ratings during the most challenging year in memory,” said City Manager Craig Freeman. “The ratings agencies recognize the strength of our financial management practices across the organization. We’re grateful that residents get the most out of every tax dollar they spend.”

The ratings are used to price bonds that the City sells to fund the bond package included in the Better Streets, Safer City infrastructure investment program.

The ratings keep Oklahoma City in an elite group of major American municipalities with the highest possible rating.

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