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Investor information

Bond ratings

In investment, the bond credit rating represents the creditworthiness of corporate or government bonds.

Bond ratings

Bond type Moody’s S&P Fitch
General obligation bonds A2 (PDF) A (PDF) A (PDF)
Other tax-supported debt A2 (PDF) A (PDF) A (PDF)
Tax revenue anticipation notes MIG1 (PDF) SP-1+ (PDF) NR
Water and wastewater revenue bonds A1 (PDF) A-1+(PDF) A+ (PDF)
Philadelphia Gas Works revenue bonds A3 (PDF) A (PDF) A- (PDF)
Philadelphia International Airport revenue bonds A2 (PDF) A- (PDF) A (PDF)

City of Philadelphia Investor Information disclaimer

As part of the City of Philadelphia's ("the City") dedication to the management of its debt program, the City developed this Investor Information section of its website to provide investors with information pertaining to the financial condition of the City. In addition, this section provides investors with information on the City's bond ratings and its upcoming debt issuance calendar. The information provided on this website does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities. The information should not be relied upon to provide specific offering information in connection with any issuance, sale, resale, or remarketing of bonds, notes, or other municipal obligations.

Notice to readers

While the information on this website is meant to be helpful, it is not intended to be the basis of a decision to invest in the City's various obligations. Furthermore, the City is under no obligation to update any information included on this website. The Investor Information webpages are provided for the user's convenience, but they may not provide all information that may be of interest to investors. There may be other documents containing relevant information.

This is the official website of the City of Philadelphia. The City disclaims all responsibility for any copies, modifications, and reproductions of this website or the information it contains that are not produced by the City. All users of the Investor Information webpages of the City of Philadelphia's website remain subject to the general Terms of Use and Disclaimers of the City's website.