For the fifth year in a row, Oklahoma City has earned the highest bond ratings possible from two of the nation’s most respected financial rating services. 

The City’s general obligation bonds received an AAA rating from Standard & Poor’s and an Aaa rating from Moody’s Investor Service in reports released in January. Strong financial management practices, high reserve levels and a stable and diverse economy are three of the factors that led to Oklahoma City’s strong rating.

“Receiving the highest level of bond rating shows the strength of Oklahoma City’s economy, the continued support of our citizens, the leadership of the Mayor and City Council and the strong financial management practiced throughout the City organization,” said City Manager Jim Couch. “This is great measure of the success that has been experienced in Oklahoma City. We understand how valuable this is to our community, and we do not take it lightly.”

The reports put Oklahoma City in an elite group of major American cities with the highest ratings possible. The strong ratings allow the City to sell bonds at lower interest rates. The savings allow the City to spend more on bond projects like streets, bridges, sidewalks, trails and park improvements.

Other factors that contributed to Oklahoma City’s continued high rating include: 

·       Oklahoma City’s role as a regional economic center
·       Low unemployment rate
·       History of voter support
·       Moderate debt levels

Media Contact: Kristy Yager, 582-0803
Kristy.yager@okc.gov