FLAGSTAFF — The City of Flagstaff has received updated credit ratings from S&P Global and Moody’s Investor Services. Our General Obligation Debt which is backed by secondary property tax collections received an AA-rating with an outlook of Stable from S&P and an Aa2-rating from Moody’s. These ratings are the second highest rating that each agency issues. Our Revenue Obligations backed by our Road Repair and Street Safety Tax received an AA-rating with an outlook of Stable from S&P.
The City of Flagstaff is currently issuing up to $18.2 million in General Obligation Bonds to pay for voter-approved projects. These projects include: Forest Health and Watershed Protection, the new Public Works Facility and Open Space. The City is also issuing up to $10.0 million in Pledged Revenue Obligation Bonds relating to Road Repair and Street Safety projects.
For more information or to find out how to invest in either General Obligation or Pledged Revenue Obligation Bonds, please visit www.flagstaff.az.gov.
Other City of Flagstaff news:
- Sign up for a Community Cafe on High Occupancy Housing
- Concerts in the Park Roadshow
- The City is Selling Bonds