The City of Germantown’s triple-A credit rating and stable outlook has recently been affirmed by Standard & Poor’s Rating Services.

Germantown’s triple-A rating, Standard and Poor’s highest possible rating, defines the City as having an extremely strong capacity to meet its financial commitments. The rating also reflects the City’s inclusion in the deep and diverse Metropolitan Statistical Area economy, high income and wealth indicators, consistently strong financial management practices and position and moderate overall net debt burden, coupled with manageable future capital needs.

“We are very proud of our fiscally responsible reputation and will continue to build on that to ensure future growth and prosperity for the city,” said City of Germantown Administrator Patrick Lawton. “The City of Germantown has established itself as a responsible, reputable, stable and growing community. The affirmation of this triple-A credit rating proves that when reviewed by a national organization, the City of Germantown is solid.”

The stable outlook indicates the triple-A rating is unlikely to change in the next six months to two years and reflects the City’s stable and diverse economic base and the expectation that the City will sustain its financial management practices and performance and maintain its moderate overall debt levels.

“We have worked very hard over the years to ensure such a positive credit rating,” said City of Germantown Mayor Sharon Goldsworthy. “These high ratings assure that when the City issues bonds for capital improvements, we get the best interest rates possible. That’s good news for our property taxpayers.”

Standard & Poor’s Ratings Services is an organization that provides ratings, i.e. opinions regarding the creditworthiness of issuers or capital markets obligations. A Standard & Poor's rating is based on principles of independence, integrity and disclosure.

A credit rating is Standard & Poor's opinion on the general creditworthiness of an obligor or the creditworthiness of an obligor with respect to a particular debt security or other financial obligation. Over the years credit ratings have achieved wide investor acceptance as convenient tools for differentiating credit quality.

For more information, visit www.standardandpoors.com.