Moody’s gives Ankeny high credit rating
Moody’s Investors Service Inc., has reaffirmed the city of Ankeny’s credit rating of Aa2 for long-term debt and MIG1 for short-term bond debt, according to a release.
Aa2 is the third-highest rating for long-term debt, meaning the city is subject to “very low credit risk,” and MIG1 is the highest rating for short-term bond debt, according to Moody’s.
“This is good news for taxpayers,” said Ankeny Mayor Steve Van Oort, in a press release. “It reflects the city’s credit worthiness, strong financial position and ability to repay debt that has a direct savings to taxpayers.”
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