City of Great Falls Maintains Strong Credit Rating with Aa3 Designation from Moody’s Investors Service
The City of Great Falls is pleased to announce that it has maintained its Aa3 Issuer Rating from Moody’s Investors Service. This designation signifies the City’s continued prime investment grade credit rating, reflecting its strong financial health and ability to manage debt effectively. A positive rating allows the City to access favorable borrowing rates for essential infrastructure projects and investments that will benefit the community for years to come. To view the City of Great Falls Moody’s Investor Report, visit https://greatfallsmt.net/sites/default/files/fileattachments/finance/pag....
“Maintaining a strong credit rating is essential for the City’s ability to secure favorable borrowing rates for important capital projects,” said Mayor Cory Reeves. “This positive rating from Moody’s is a testament to the City’s sound fiscal management and commitment to long-term financial stability.”
Understanding the Rating:
- Aa: Obligations rated Aa are judged to be of high quality and are subject to very low credit risk. Explanation of Aa Rating: https://www.moodys.com/sites/products/productattachments/ap075378_1_1408_ki.pdf
- Prime 1: This designation indicates the City’s superior ability to repay short-term debt obligations.
