New rating shows just how great Oklahoma City really is
OKLAHOMA CITY – Oklahoma City is doing great, and we have proof!
Oklahoma City has earned the highest bond ratings possible for the fourth year in a row.
Standard & Poor and Moody’s Investor Service, two of the nation’s most respected financial rating services, both gave Oklahoma City a AAA rating.
The city received this high rating due to:
- strong financial management practices
- high reserve levels
- a stable and diverse economy
- low unemployment rate
- moderate debt levels
City manager, Jim Couch, said this rating is a sign of strong leadership in our city.
“The leadership of the mayor and city council in making strong, conservative financial management a priority provides the foundation for these bond ratings.”
According to a release from the city, these ratings put Oklahoma City in an elite group of the best municipal credits in the marketplace.
These high ratings mean that the city will have lower interest rates when selling bonds to fund maintenance work, which will lead to the city having more money for bond projects.