News Flash Home
The original item was published from 3/20/2019 9:58:26 AM to 3/21/2020 12:00:02 AM.

News Flash

Press Releases

Posted on: March 20, 2019

[ARCHIVED] City Recognized for Strong Moody Rating and Excellence in Financial Reporting


City Recognized for Strong Moody Rating and Excellence in Financial Reporting

Contact: Pete Strecker, Finance Director, 970-920-5007,

Aspen, Colorado – March 20, 2019 – The City of Aspen is pleased to share its annual comment from Moody’s Investor Services which highlights the City’s strong Aa1 rating, a mark that is noticeably higher than the average Aa3 rating assigned to other US cities.  The Moody’s report noted Aspen’s healthy operating revenues, low debt obligation and considerable cash reserves as rationale for Aspen’s strong rating.

This upgrade in rating is very timely as the City is thinking of going out to the market again for financing.  Overall, this notice reflects a positive outlook for our future potential investors,” said Finance Director Pete Strecker.

In addition, the City of Aspen just received The Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association of the United States and Canada (GFOA).  This certificate of achievement, given for 2017, is the highest form of recognition in the area of government accounting and financial reporting and its attainment represents a significant accomplishment by Aspen staff and management.

“One of the City’s primary daily focuses is on our fiscal health, economic vitality, and responsible asset management,” said Sara Ott, Interim City Manager.  “This recognition of our financial strength reflects the dedication and feedback from our residents as our financial planning aims to adhere to our community values.”


Facebook Twitter Email

Other News in Press Releases

City Hall to be closed Feb. 23

Posted on: February 16, 2024

Essential Home Repair Pilot Program expands to include additional homeowners

Posted on: February 14, 2024 | Last Modified on: March 28, 2023

City of Aspen Offering Free Radon Tests

Posted on: January 8, 2024

City of Aspen awarded $135,000 from DOLA

Posted on: December 13, 2023

Castle Creek Bridge Inspection and Detour

Posted on: November 16, 2023

Public E-Waste Collection Event is Sept. 9

Posted on: September 1, 2023

Rio Grande Park Ponds Opened

Posted on: May 20, 2023

Domestic Assault Arrest

Posted on: March 24, 2023

Aspen Sustainability Action Plan approved

Posted on: February 24, 2023