Columbus Maintains Triple-A Bond Rating

 

Columbus officials today applauded the most recent city bond rating from Moody’s Investor Services. Moody last week affirmed the city’s Aaa bond rating and declared a stable outlook on the City of Columbus General Obligation Bonds. Columbus is the only large city to enjoy the top bond rating from all three major rating agencies. City Auditor Hugh J. Dorrian will be meeting with the other two agencies, Fitch and Standard and Poor’s in the coming weeks.

 

“This rating is a testament to the sound management practices we have continued to practice, even through very tough times,” said Mayor Michael B. Coleman. “This demonstrates we have been good stewards of the taxpayers’ money, and it allows us to save them millions in the years to come.”

 

“Thanks to the citizens of Columbus for recognizing the needs for more funds to continue services,” Auditor Dorrian said. “The acceptance of the income tax is what made this Aaa possible.”

 

“The Aaa bond rating is the highest stamp of approval for municipalities throughout the country and no other city as large as Columbus has achieved this distinction,” said City Council President Michael C. Mentel. “It is independent verification that we manage public funds responsibly, the way citizens and business owners hope to manage their own finances.”