City of Charlottesville earns highest bond ratings from Moody's and S&P
CHARLOTTESVILLE, VA – The City of Charlottesville has once again received the highest possible bond ratings from Moody's Ratings and S&P Global Ratings, reaffirming the City's strong financial position and sound fiscal management ahead of its August 2026 General Obligation bond sale.
The Aaa rating from Moody's and AAA rating from S&P recognize the City's ability to meet its financial obligations and help secure lower borrowing costs, allowing more taxpayer dollars to be invested in community priorities. Moody's cited Charlottesville's strong local economy, healthy financial reserves, conservative budgeting practices, and manageable debt as key strengths.
The approximately $24.9 million bond sale will fund Capital Improvement Program (CIP) projects across the City, including school and City facility improvements, street reconstruction, ADA accessibility upgrades, bridge repairs, public housing redevelopment, climate action initiatives, Fire/EMS equipment, Parks and Recreation improvements, Downtown Mall infrastructure, Safe Routes to School, water, wastewater and stormwater projects and other critical infrastructure investments.
Receiving the highest ratings from both agencies continues Charlottesville's long-standing record of strong financial management while helping ensure lower financing costs for projects that benefit residents across the community.
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