The City of San Marcos announced that its general obligation bonds and certificates were assigned an “AA” long-term rating by S&P Global Ratings.
The city said its rating comes after a thorough review of financial documents and is an indicator of its capacity to meet its financial commitments.
“With the economic climate the entire nation has experienced during the pandemic, the 'AA' stable outlook bond rating is truly great news,” Finance Director Maire Kalka said. “The rating is an indicator of the city’s commitment to be responsible stewards of public funds, which we take very seriously.”
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