Municipal bond ratings in Utah generally have remained stable during the last decade, according to Adam Whiteman, assistant vice president and supervisor of regional ratings for Moody's Investors Service's Southwest and Rocky Mountain regional ratings groups.
"This stability results from the conservative debt management practices typical of Utah cities, the diversified revenue structure of the major cities, and the stable nature of the state's economy," Whiteman said.One result of this stability is that 80 percent of all Utah cities have ratings of A or above, as compared with only 70 percent of cities nationwide.
Creditworthiness of the largest cities in the state are reviewed in a report published this week by Moody's.
In addition to commenting on the 10 Utah cities with populations in excess of 25,000 and providing key credit statistics for each of those cities, Municipal Focus on Utah provides an overview of the state economy and selected statistics concerning the state's labor market.
The cities reviewed, in decreasing order of size, are Salt Lake City, West Valley, Provo, Sandy, Orem, Ogden, Layton, Bountiful, Logan and St. George.