The City of Madison will maintain its ""Aaa"" general obligation bond rating, City Comptroller Dean Brasser said Friday.
Brasser announced the news in an e-mail to Mayor Dave Cieslewicz and the City's Alders, among others.
The Moody's Investors Service report identified the city's ""solid financial operations, strong budgetary control, favorable reserve levels, modest debt burden and aggressive debt retirement"" as reasons behind the rating, according to Brasser.
The rating is considered to be a financial indicator to potential investors whether or not the entity is able to repay debt.
The ""Aaa"" bond rating is the highest investment grade available for governmental entities, classifying it as an investment and indicating the lowest credit risk.
Brasser said the rating is a reflection of the city's sound financial decisions.
The bond rating comes before Madison's annual bond and note sale, scheduled for next Tuesday according to Brasser.
