Bond Rating

San Francisco’s General Obligation (GO) bond rating acts as the City’s credit rating. It measures the overall financial stability of the City.

Economy & Finance

The City issues bonds, or debt, in order to fund large capital projects. The purchase of those bonds provides the financing for these capital projects. The GO bond rating indicates how safe of an investment the City’s bonds are to potential purchasers.

There are three major municipal bond rating agencies: Moody’s, Standard & Poor’s, and Fitch. Each rating agency has a proprietary methodology for assigning ratings to a municipality. 

How Performance is Measured

High credit ratings allow the city to issue debt at lower borrowing costs. Moody's “Aaa” classification indicates that the City presents minimal credit risk. Standard & Poor's "AAA" classification is the highest rating its system. 


Additional Information