City of Columbus Receives AAA Bond Rating from All Three Rating Agencies

Columbus, OH, September 26, 2017 --(PR.com)-- The City of Columbus received a AAA bond rating
from Fitch Credit Ratings, Moody's Investors Service and S&P's Global Ratings this week, the highest
rating available. The rating means all three agencies consider Columbus to have exceptional
credit-worthiness and can easily meet its financial obligations. Columbus is one of a handful of the largest
U.S. cities to receive such a rating.

Receiving a AAA bond rating means the city is able to borrow money at the lowest interest rate in order
to finance our capital projects, such as road construction, as well as utility maintenance, said Mayor
Andrew J. Ginther. I am proud to be a responsible steward of the city's funds.

Fitch's recognized Columbus for its stable and growing economic base in its operating performance.
Conservative budgeting practices, including the bolstering of rainy-day fund and unrestricted special
income tax debt service fund reserves, have provided additional fund balance resources that, in
conjunction with strong budget controls, position the city exceptionally well to address economic
downturns, Fitch's wrote in its analysis.

Moody's named Columbus' prudent fiscal policies as supporting a healthy financial position, and S&P
identified very strong management with strong financial policies and practices as warranting the bond
rating.

Press Release Link:

https://www.columbus.gov/Templates/Detail.aspx?id=2147499098

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Contact Information:
The City of Columbus
Robin Davis
614.645.2425
Contact via Email
https://www.columbus.gov

Online Version of Press Release:

You can read the online version of this press release at: http://www.pr.com/press-release/731003

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