Iowa City Again Earns Aaa Bond Rating

Iowa City IA

30 April, 2022

1:06 PM

Description

Press release from the City of Iowa City: April 29, 2022 Moody's Investors Service has awarded the City of Iowa City the highest credit rating possible, an Aaa bond rating, for its outstanding general obligation debt. The City has maintained an Aaa rating since November 1973. The top tier Aaa rating ranks Iowa City among the most financially stable cities in the state of Iowa and the nation. The Moody's rating is used by banking authorities and investors to evaluate the potential risk of loans, bonds, and other financial transactions with municipalities and other governmental entities. A top rating by Moody's, a global market rating agency, represents the least amount of risk to investors. For Iowa City, it also represents financial savings for the City and taxpayers due to lower interest rates on loans for municipal projects. For more information, contact Nicole Davies, City of Iowa City Finance Director, at 319-356-5085 or [email protected]. This press release was produced by the City of Iowa City. The views expressed here are the author's own.