City of Pittsburgh Credit Ratings
When issuing debt, state and local governments often engage one or more credit rating agencies. A rating of a bond reflects the independent opinion of a particular agency on the credit worthiness of the issuer to make timely payments of principal and interest on the debt. The rating alerts investors of the quality and stability of the bond.
The City of Pittsburgh’s most recent bond rating are listed in the table below. Overall, Pittsburgh has a strong capacity to meets its financial commitments and a stable and positive outlook for the future.
City of Pittsburgh Credit Rating Matrix: General Obligation Bond Credit Ratings
|Rating Agency||Rating Date||Bond Rating||Outlook||Rating Meaning|
|Moody’s||January 30, 2019||A1||Stable||Investment - Upper Medium Grade|
|S&P||July 28, 2020||AA-||Stable||Investment - High Grade|
|Fitch||July 29, 2020||AA-||Negative||Investment - High Grade|