Financial Stability: City Credit Rating Upgraded to Highest in City History

Financial Stability: City Credit Rating Upgraded to Highest in Its HistoryMayor Edwin M. Lee today announced major bond rating agencies have upgraded and affirmed San Francisco's strong credit after the City met with Moody's Investors Service (Moody's), Standard & Poor's (S&P) and Fitch Ratings (Fitch) in August. 

"At a time when many cities and counties across California and the U.S. have seen their credit ratings suffer amid lingering financial uncertainty, San Francisco's upgraded bond ratings are leading the state," said Mayor Lee. "We are creating investor confidence in our City with strategic investments while applying strict budgetary and financial controls to protect San Francisco's continuing economic recovery. We must continue our work that has stabilized San Francisco's economy, created jobs, and has made San Francisco an economic engine for the entire region." Read more.

Posted on October 10, 2013 | The comments to this entry are closed.