The City of Roanoke has earned high credit ratings from Moody’s Ratings and S&P Global Ratings, reflecting the City’s sound financial management, strong economic growth, and commitment to long-term fiscal responsibility. Moody’s assigned Roanoke an Aa2 rating while S&P assigned a rating of AA+. Both scores are among the highest possible for each agency.
In their ratings, Moody’s cited Roanoke’s “consistent surplus operations and steady economic growth” as factors supporting the high credit rating. S&P’s rating highlighted Roanoke’s “robust financial management practices and a reliable economy.” City leaders have prioritized maintaining strong reserve funds and implementing responsible budgeting practices to ensure continued stability.
“Credit ratings don’t just matter to banks and investors,” said City Manager Valmarie Turner. “They matter for our residents, too. It means we can fix roads, improve schools, and build safer neighborhoods with lower interest payments.”
The city’s strong credit standing enhances investor confidence and ensures that Roanoke can continue investing in infrastructure, public safety, and community development while maintaining low borrowing costs. These ratings are a testament to responsible leadership and the City’s collaborative efforts toward fiscal health.
“A strong credit rating means the city can borrow at lower interest rates, which saves taxpayer dollars and frees up funds for essential services and infrastructure,” said Margaret Lindsey, Director of Finance.
Residents and businesses can be confident that the City of Roanoke remains on a solid financial footing, with a clear plan to sustain its economic vitality for years to come.
