City of Rochester Maintains Highest Possible Bond Ratings

The City of Rochester has once again received the highest municipal credit ratings possible, earning AAA from Standard & Poor's and Aaa from Moody's. The bond rating agencies identified ongoing economic development, a strong financial position, and the City's low leverage and fixed costs as key strengths contributing to the ratings. 

The City has maintained this rating from Moody's since first receiving it in 1977, providing third-party affirmation of the organization's longstanding financial strength. 

"Maintaining these top-tier bond ratings reflects Rochester's strong financial foundation and the thoughtful stewardship of City resources by our elected officials and staff,” said City Administrator Alison Zelms. “These ratings reinforce our ability to make strategic investments that benefit our community while remaining fiscally responsible for the long term." 

The AAA/Aaa general obligation ratings are the highest municipal credit ratings possible, and only a limited number of jurisdictions nationwide receive this distinction. Higher credit ratings help the City secure lower interest rates when borrowing, reducing financing costs for future capital investments.