City of Santa Ana
Community Alert: City of Santa Ana Receives Strong AA Issuer Credit Rating
The private and independent credit rating firm, Standard & Poor’s Rating Services, has assigned the City of Santa Ana its first city issuer credit rating. Not only is this a first for the City, the outstanding credit rating of AA is a significant statement about Santa Ana’s financial health.
An issuer credit rating is an independent evaluation of the credit worthiness of an issuer. Credit ratings are forward-looking opinions about credit risk and express the agency’s opinion about the City’s financial ability to meet its financial obligations in full and on time. The AA rating differs from the highest possible credit rating of AAA only by a small degree. The AA rating indicates a very strong commitment from the issuer to meet its financial commitments. Continue reading