Disclaimer

All information in this section of the City’s website is for general informational purposes only. It is provided “as is” without warranty of any kind, and the City makes no representation, expressed or implied, as to its accuracy, reliability, completeness, or timeliness. The City is not obligated to update any of this information, although it may do so from time to time.

The information in this section of the City’s website:

1: Does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities;

2: Is not intended to replace any information provided by, or any consultation with, a professional financial advisor;

3: Should not be the basis of investment decision or relied upon in making an investment decision;

4: May be outdated, inaccurate, or incomplete;

5: May include “forward-looking statements” that differ from what actually happens.

By entering this section of the City’s website, you acknowledge that you understand and accept the disclaimer set forth above.

Credit Ratings

Municipal credit ratings are opinions of the investment quality of issuers and issues in the markets. The municipal bond market has slightly different rating criteria from the corporate debt market owing to the unique characteristics inherent in public debt. Municipal debt ratings are viewed in relation to the general state of the agency, local, regional, state and national economy, debt levels and mix, revenue and expense cash flows, and the issuer’s management strategies.

Credit rating agencies provide an independent appraisal of the credit quality and likelihood of timely repayment of a bond issue. Investors rely upon the credit quality judgment made by the credit rating agencies, expressed as a credit rating. While a credit rating is an important factor in determining the interest rate on bonds relative to other issues sold at the same time, bonds are not legally required to be rated.

Issuer credit rating

City of Sacramento issuer credit rating

Rating agencyRating / OutlookDate of last action*
Standard and Poor'sAA / Stable03/02/20 - Upgraded
Moody'sAa2 / Stable10/10/24 - Affirmed
Fitch RatingsAA+ / Stable06/25/24 - Upgraded

*Issuer Credit Rating information may be included as part of an issue-specific report

Issue-specific ratings

Credit Ratings Summary Table

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