City Of Oklahoma City: Oklahoma City Receives Aaa Bond Rating From Moody's And AAA From S&P; Affirm Stable Outlook

Oklahoma City OK

04 March, 2022

3:30 PM

Description

Press release from the City of Oklahoma City: 03/04/2022 2:09 PM 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 Feb. 28 report and, and S&P affirmed its AAA rating in a Feb. 24 report. The triple-A ratings are the highest awarded by each agency. It's the 12th year in a row OKC achieved the highest rating.   "The affirmation of our triple-A rating is a testament to the City's longstanding conservative financial policies that promote manageable debt, budget flexibility and comprehensive financial management practices," said Finance Director Brent Bryant. 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.  Oklahoma City is only one of eleven cities in the United States with a population of 690,000 or more that have triple-A ratings.    # # # Media Contact: Kristy Yager / (405) 297-2550 / [email protected]  This press release was produced by the City of Oklahoma City. The views expressed here are the author's own.