When the City issues serial bonds it obtains a credit rating from either Moody’s Investors Service, Fitch Ratings or Standard & Poor’s. Municipal bond ratings are an independent opinion that determine the amount of investment risk and assess areas like the financial condition of the City, current state of the economy, debt levels, management practices and socio-economic issues. Below are the most recent credit rating reports issued by Moody’s.
For further information please go to www.Moodys.com.
As part of the process to borrow funds to finance various City projects the City issues an Official Statement. An Official Statement is a disclosure document used by the City to sell their bonds to potential buyers and protect investors’ interests by providing all the information deemed necessary by the Securities and Exchange Commission (SEC). The Official Statements for the City’s outstanding debt are listed below.
To view official statements from earlier issuances please visit the Electronic Municipal Market Access (EMMA) website (https://emma.msrb.org). The EMMA website is funded and operated by the Municipal Securities Rulemaking Board (MSRB), the self-regulatory organization charged by Congress with promoting a fair and efficient municipal securities market. EMMA is designated by the U. S. Securities and Exchange Commission as the official source for municipal securities data and disclosure documents.