(Dublin, OH) The City of Dublin has once again earned the highest possible ratings on its general obligation bonds from three of the nation’s top credit rating organizations: Standard & Poor’s (S&P), Moody’s Investors Service and Fitch Ratings.
For the third consecutive year since first seeking a rating from S&P in 2017, the City earned the organization’s highest AAA rating. Moody’s assigned an Aaa rating, which Dublin has held since 2004, and Fitch assigned an AAA rating, which Dublin has held since 2001.
“The stable outlook reflects our expectation that the city’s strong local economy, robust income tax base and ample reserves will continue to support a strong credit profile despite some expected growth in its debt burden,” said Moody’s Investors Service in a statement.
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.
The City will provide a comprehensive fiscal health update during the State of the City address, Thursday, March 12, 6-8:30 p.m. at the Exchange at Bridge Park. To learn more visit dublinohiousa.gov/sotc.