City Credit Ratings

April 22, 2024

Current Ratings (as of April 2024) 

Type of BondsFitchMoody'sS&P Global
General Obligation BondsAAAAaaAAA
Lease Revenue Bonds AAA/AA+Aa1/Aa2   AA+
Certificates of ParticipationAA+ Aa1/Aa2     AA+
Overall City Outlookstablenegative  negative

 

Historical City GO Bond Rating Changes

DateFitch Moody's

S&P Global

October 2023

AA+

Aaa

AAA
    April 2022    AA+AaaAAA

February 2019

  

AAA

March 2018

 

Aaa

 

 January 2016

AA+ 

  

October 2013

  

AA+

April 2013

AA

  

February 2013

 

Aa1

 

April 2011

AA-

  

November 2010

 

Aa2

 

April 2010

 AA

Aa1

 

June 2008

 

Aa2

 

June 2004

AA-

  

May 2000

  

AA

September 1997

 

Aa3

 

March 1996

AA

  

March 1993

  

AA-

February 1993

 

A1

 

Disclaimer

This page and its references are solely for the convenience of the user. The ratings issued reflect only the views of such rating agencies to be considered in evaluating various of the City's debt and long-term obligations. No assurance can be given that any rating issued by any agency will be retained for any given period of time or that the same will not be revised or withdrawn entirely by such rating agencies.

The City undertakes no responsibility to publish or otherwise disseminate any revision or withdrawal of the ratings. The City's outstanding debt is rated by three municipal bond rating services which are listed in detail below.

The City and County of San Francisco does not endorse or adopt these websites, their sponsor(s), or any of the policies, activities, products, or services offered on the sites or by any advertiser on the sites. The City has not participated in the compilation, or selection of information on any other website, and assumes no responsibility or liability for the contents thereof.

Please reference: 

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