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Financial Reports

Financial Reports

Ratings

S&P Global Ratings has performed an unsolicited rating review of the City of Fullerton’s outstanding 2013 Judgment Obligation Bonds and has raised these bonds’ long-term rating to ‘AA’ from ‘AA-‘, a welcome improvement.  In addition, their outlook has been rated as “stable”.  S&P Global Ratings typically performs these reviews every five years.  The improved credit rating reflects S&P’s view of the City’s general creditworthiness.  The main factors in making this rating include the City’s: 1.) established and stable property tax base, 2.) maintenance of a strong available fund balance, and 3.) low to moderate overall debt burden.