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The City of Johnston is pleased to announce the Standard and Poor's (S&P) Global Ratings has assigned its AA+ long-term rating to Johnston’s 2021A General Obligation (GO) bonds and affirmed its AA+ long-term rating for the City's existing GO debt, and its 'AA' long-term rating on the City's series 2020A annual appropriation GO bonds.
"The City has maintained the AA+ rating for the past 12 years," said Assistant City Administrator/Finance Teresa Rotschafer. "As our City leaders strategically plan for the future, they ensure it is done so in a fiscally responsible manner. We always pride ourselves in prioritizing projects while ensuring they align with our financial practices to maintain a strong financial position."
The S&P report noted the following:
Standard & Poor's is the world's leading index provider and the foremost source of independent credit ratings. To view the full rating report, click here.