Salem, Ore. – Moody’s Investor Service has assigned the City of Salem an Aa2 rating with a stable outlook. This rating applies to the upcoming sale of the City’s 2026 General Obligation Bonds. This matches the rating received for the City’s 2023 bonds.
“This rating reflects the disciplined financial management and strong governance practices that help keep Salem on a stable path,” said City Manager Krishna Namburi. “Maintaining a strong credit rating allows us to access capital at lower borrowing costs and invest in the infrastructure and services our community relies on, while continuing to be good stewards of taxpayer dollars.”
Moody’s also praised the City’s financial practices. “The stable outlook reflects our expectation that the City will continue to budget conservatively, resulting in healthy reserves and liquidity,” the agency stated…