The Debt Management Division is responsible for the review and analysis of the City's outstanding debt obligations. This includes analyzing where borrowing funds would be in the City's best interest, monitoring the City's debt limits, and assessing the terms of outstanding debt and refinancing the debt would be to the City's advantage.
Moody's Investors Service's Credit Rating for the City of Berea
The City has a Aa2 bond rating from Moody’s. The City’s long-term Aa2 rating is based on the City’s moderately sized suburban tax base; satisfactory financial operations; and manageable debt profile. One of the City’s strengths include stable financial operations supported by healthy General Fund reserves
Moody’s Aa bond rating indicates that issuers or issues demonstrate very strong creditworthiness relative to other U.S. municipal or tax exempt issuers or issues.