City Of Wauwatosa Maintains Aaa Bond Rating

Press release from the City of Wauwatosa:

November 4, 2020

Moody's Investor Services has given Wauwatosa the highest bond rating, ranking the City of Wauwatosa with the strongest creditworthiness compared to other U.S. borrowers.

Our rating is based on our large and affluent tax base and a strong financial profile characterized by healthy reserves and significant excess levying capacity, despite state-imposed levy limits.

"The coronavirus outbreak is a social risk under our ESG framework, given the substantial implications for public health and safety. The coronavirus crisis is not a key driver for this rating action. We do not see any material immediate credit risks for the City of Wauwatosa because of its healthy and stable reserves," Moody Investors Service stated in a press release.

Why is this rating important?

Our bonds finance street, water system, sewerage improvement, and other city projects. Earning Moody’s top bond rating enables us to secure funding for lending at the most competitive rates.

This press release was produced by the City of Wauwatosa. The views expressed here are the author’s own.