Leading Credit Agency's Affirm City's Strong Financial Position

Ratings recognize the city's strong economy, responsible budgeting and continued investment in infrastructure

The city of Goodyear has once again earned high marks for its financial strength from Moody's Ratings and S&P Global Ratings. Both have assigned top ratings to the city's General Obligation (GO) Bonds. Moody's gave it an Aa1 and S&P Global AA+. Bonds are a way for a city to finance major public projects.

The high ratings indicate the city has an exceptionally strong capacity to meet its financial obligations and carries very low credit risk. It can also help the city secure lower borrowing costs when financing major infrastructure projects, allowing taxpayer dollars to go further while supporting roads, parks, public safety, water infrastructure and other community investments.

"These ratings reflect the city's long-standing commitment to responsible financial management while planning for the future," said City Manager Bryan Langley. "As Goodyear continues to grow, we remain focused on making strategic investments that support our residents, businesses and quality of life."

According to the agencies, the city's growing tax base, healthy financial reserves and low debt levels position Goodyear well for the future. They also cited continued economic development, population growth and the city's ability to make timely budget adjustments as key reasons for the positive outlook.