News Flash Home
The original item was published from 5/3/2019 2:35:01 PM to 5/4/2020 12:00:02 AM.

News Flash

Press Releases

Posted on: May 3, 2019

[ARCHIVED] City Earns Strongest Moody Rating Possible for Municipal Bonds

PSA

City Earns Strongest Moody Rating Possible for Municipal Bonds


Contact: Pete Strecker, Finance Director, 970-920-5007, pete.strecker@cityofaspen.com

Aspen, Colorado – May 3, 2019 – The City of Aspen has earned the strongest credit rating possible from Moody’s, an impressive designation that most municipalities do not achieve.  This is an upgrade from the rating the City earned in March.

Now, the City of Aspen is Aaa rated for its general obligation bonds.

“The City’s strong financial policies and practices, healthy reserves, long range fiscal outlook and planning efforts helped the City achieve this rating,” said Pete Strecker, finance director for City of Aspen.  “This, along with our consistent trend of positive revenue collections, all contributed to this upgrade.”

The Moody’s report noted Aspen’s large affluent tax base, world-renowned tourist destination, strong financial management with strategic focus, and low fixed costs and lack of pension liability.


###


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