O’Connor: OKC gets top credit ratings

March 29, 2017

by Cathy O'Connor, via The Journal Record:

Once again, the city of 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, indicating extremely strong creditworthiness.

This is important to residents because the high ratings translate into lower interest rates the city pays to sell bonds to fund major capital projects like streets, bridges, buses, sidewalks, trails and park improvements. The savings on interest allow the city to potentially spend more on bond projects like the proposed general obligation bonds voters will decide in September.

Ratings agencies, such as Standard & Poor’s, consider the diversity of the tax base, tax revenues and median income, the community’s level of dependence on certain employers or industries and economic growth.

Read full article in The Journal Record