S&P Global Ratings has assigned the city of Montgomery an AA credit rating with a stable outlook on its proposed $375 million Series 2026B General Obligation Warrants, providing independent validation of the city’s financial strength as Montgomery prepares for one of its largest capital investments in decades.
The August rating action comes as the city prepares to enter the bond market and adds to Montgomery’s already strong credit profile. Fitch Ratings maintains an AA rating with a stable outlook on the city’s general obligation credit, while Moody’s Ratings maintains an Aa1 rating.
S&P also affirmed its AA rating on Montgomery’s outstanding general obligation warrants, reflecting the agency’s continued assessment of the city as a strong and stable borrower…