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.
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.
MOODY’S SAN FRANCISCO GENERAL OBLIGATION BOND RATING
S&P SAN FRANCISCO GENERAL OBLIGATION BOND RATING
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.
Data
- Learn more about San Francisco's municipal bond ratings.
- View San Francisco's historical municipal bond ratings.
Additional Information
- Visit the Office of Public Finance website.
- View San Francisco's Five-Year Financial Plan.
- View San Francisco's Budget Status Reports and Budget Information.