City of Burien achieves Aa1 Bond Rating
29 Sep 2021
The City of Burien announced that it has had its bond rating upgraded to its highest level yet – from “Aa2” to “Aa1” – after a credit opinion issued on August 24, 2021 by Moody’s Investor Services.
“The Aa1 rating shows that our city government is well-managed and has strong financial policies and practices in place for the benefit of our community,” said Brian J. Wilson, Burien City Manager.
According to the City’s finance director Eric Christensen, the rating of Aa1 is based on the following factors: demonstrated track record of strong financial reserves, strength of the local economy, strong budget management, the City’s financial policies, and experienced management operating the City in an efficient manner.