Moody's Investors Service has retained the City of Papillion’s general obligation debt credit rating of Aa1. Aa1 is Moody’s second-highest investment grade, reflecting a very low credit risk.
“Especially when considering the current national economy, increased borrowing costs, inflation and the potential for recession, this rating reflects the City of Papillion’s strong financial position,” said Mayor David Black. “Our city government continues to utilize strong financial management policies and practices that provide a fiscally responsible framework for maintaining our community’s high quality of life.”
For more information about the Moody’s rating methodology, visit www.moodys.com.