Current Ratings (as of December 2024)
| Type of Bonds | Fitch | Moody's | S&P Global |
| General Obligation Bonds | AAA | Aa1 | AA+ |
| Lease Revenue Bonds | AAA/AA+ | Aa2/Aa3 | AA/A-1 |
| Certificates of Participation | AA+ | Aa2/Aa3 | AA |
| Overall City Outlook | stable | stable | negative |
Historical City GO Bond Rating Changes
| Date | Fitch | Moody's | S&P Global |
| December 2024 | AA+ | ||
| October 2024 | Aa1 | ||
| April 2024 | AAA | ||
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any rating issued by any agency will be retained for any given period of time or that the same will not be revised or withdrawn entirely by such rating agencies.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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