City Credit Ratings

April 22, 2022

Current Ratings (as of April 2022)

Type of Bonds

      Fitch

    Moody's

  Standard & Poor's

General Obligation Bonds

       AA+

       Aaa

             AAA

Lease Revenue Bonds

     AA+/AA

    Aa1/Aa2

             AA+

Certificates of Participation

        AA

    Aa1/Aa2

             AA+

Overall City Outlook

      stable

     stable

           stable

Historical City GO Bond Rating Changes

Date

Fitch

 Moody's

Standard & Poor's

February 2019

 

 

            AAA

March 2018

 

   Aaa

 

 January 2016

AA+ 

 

 

October 2013

 

 

           AA+

April 2013

AA

 

 

February 2013

 

   Aa1

 

April 2011

AA-

 

 

November 2010

 

   Aa2

 

April 2010

 AA

   Aa1

 

June 2008

 

   Aa2

 

June 2004

AA-

 

 

May 2000

 

 

             AA

September 1997

 

   Aa3

 

March 1996

AA

 

 

March 1993

 

 

            AA-

February 1993

 

    A1

 

Disclaimer

This page and its references are solely for the convenience of the user. The ratings issued reflect only the views of such rating agencies to be considered in evaluating various of the City's debt and long-term obligations. No assurance can be given that any rating issued by any agency will be retained for any given period of time or that the same will not be revised or withdrawn entirely by such rating agencies.

The City undertakes no responsibility to publish or otherwise disseminate any revision or withdrawal of the ratings. The City's outstanding debt is rated by three municipal bond rating services which are listed in detail below.

The City and County of San Francisco does not endorse or adopt these websites, their sponsor(s), or any of the policies, activities, products, or services offered on the sites or by any advertiser on the sites. The City has not participated in the compilation, or selection of information on any other website, and assumes no responsibility or liability for the contents thereof.

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