Bond Rating

In September 2024, Standard and Poor's (S&P) and Moody's Investors Service have affirmed the City of Auburn's bond ratings of AA+ and Aa2, respectively.

Both rating agencies cited Auburn’s robust economic development across a variety of industries, strong local economy highlighted by Auburn University’s stabilizing presence and very strong management, financial policies and institutional framework. Also noted as support for these ratings include the City’s healthy financial position, stable revenue streams, strong reserves and liquidity levels and prudent fiscal management.

These ratings are outstanding for a municipality of Auburn's size nationally and the City ranks favorable among cities in Alabama. Auburn taxpayers benefit from these excellent ratings in the form of less interest paid on the City’s outstanding debt.

The City has maintained top-tier ratings for the last decade because of the work City employees do every day. From keeping track of monthly records and producing annual reports to receiving the Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for 37 consecutive years - it all plays a part in showing rating agencies that the City of Auburn's finances are well looked after and will continue to be so in the future under the guidance of strong professional management.