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 14, 2022 A1 Stable Investment - Upper Medium Grade
S&P February 23, 2023 AA- Stable Investment - High Grade
Fitch February 17, 2023 AA- Stable Investment - High Grade