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Credit Ratings*

Current as of July 31, 2012

    Bond Ratings

    • General Obligation Long Term Ratings

      • Fitch Investors Service, Inc. AA+
      • Moody's Investors Service Aa1
      • Standard & Poor's Ratings AA+
    • Federal Highway Grant Anticipation Revenue Bonds (GARVEE) Ratings

      • Moody's Investors Service Aa2
      • Standard & Poor's Ratings AA

    Certificate of Participation Ratings

    • Equipment Certificates of Participation
      • Moody's Investors Service Aa2
    • Real-estate Certificates of Participation
      • Moody's Investors Service Aa2

* The ratings shown on this page reflect only the respective views of such rating agencies and are not a recommendation to buy, sell, or hold any bond or certificate of participation. Such ratings may be raised, lowered, suspended, or withdrawn entirely by the rating agencies, or any of them, if in their or its judgment, circumstances warrant.