SAN DIEGO–The national bond rating agencies Standard & Poor’s and Moody’s Investors Service have both reaffirmed SANDAG’s high credit ratings at a time when the nation and many organizations are struggling to maintain financial stability.
Standard & Poor’s reaffirmed SANDAG’s AAA rating on Sept. 8. Moody’s reaffirmed SANDAG’s Aa1 rating on Sept. 7. These ratings reflect SANDAG’s strong capacity to manage its finances and meet its obligations.
“At SANDAG, we take very seriously our obligation to be prudent with taxpayer money,” said Encinitas Deputy Mayor Jerome Stocks, who serves as chair of the SANDAG Board. “The high credit ratings are a testament to our commitment to public accountability and financial diligence.”
