(Dublin, OH) The City of Dublin has earned the highest possible bond ratings from three of the nation’s top credit rating organizations: Moody’s Investors Service, Fitch Ratings and Standard & Poor’s (S&P).
Moody’s assigned the City an Aaa rating, which Dublin has held since 2004, and Fitch assigned an AAA rating, which Dublin has held since 2001. For the first time the City requested a rating from S&P and was assigned their highest, an AAA rating.
It’s estimated that less than 40 cities nationwide have achieved the Aaa/AAA/AAA designation.
Each agency recognized the City’s conservative budgeting and financial management policies as hallmarks of Dublin’s financial stability.
Bond ratings are an essential component used to determine an entity’s creditworthiness. They provide a widely accepted measure for investors to evaluate an issuer. These high ratings will ascertain that the City pays the lowest borrowing costs possible when issuing debt.
Additionally, both Moody’s and Fitch reaffirmed their ratings on the City’s outstanding general obligation debt.
Sarah McQuaide, Public Information Officer
614.410.4523 – Desk
614.593.9438 – Cell