The city of Glendale is proud to share it has received an increased bond rating from AA to AA+ from S&P Global Ratings, one of the world’s leading credit rating agencies.

The upgrade reflects Glendale’s strong fiscal management and economic growth. Bond ratings are an essential tool for investors to assess the quality and stability of a bond.

“The City Council and city management’s fiscal stewardship over the past decade has strengthened Glendale’s financial health,” Assistant City Manager Vicki Rios stated in a press release. “S&P’s decision affirms that the city is on a solid and sustainable path.”

S&P noted that Glendale’s economy, supported by more residents, a wider mix of businesses and major new investments, has boosted city revenues and reserves.

“Since taking office, I have remained focused on strengthening Glendale’s financial position,” Glendale Mayor Jerry P. Weiers stated. “Each improvement in our credit rating affirms the positive direction of our city and creates greater opportunities to invest in the priorities that matter most to our residents.”

This latest rating increase follows a series of increases that started in 2016. The last one was in October 2024 when Moody’s Investor Services increased the city’s general obligation bonds, senior and subordinate lien excise tax bonds and transportation sales tax bonds to Aa3 from A1.