What is the body that ranks a city or town in terms of Offering Statement?

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Multiple Choice

What is the body that ranks a city or town in terms of Offering Statement?

External rating agencies evaluate the creditworthiness of a city’s bonds and assign a rating that appears in the Offering Statement. This rating helps investors understand risk and often drives the interest rate the city will pay; a stronger rating typically means lower borrowing costs. The other bodies listed deal with approvals, financing procedures, or planning, not with providing an independent credit rating. So the entity that ranks a city or town for an Offering Statement is the external rating agency.

External rating agencies evaluate the creditworthiness of a city’s bonds and assign a rating that appears in the Offering Statement. This rating helps investors understand risk and often drives the interest rate the city will pay; a stronger rating typically means lower borrowing costs. The other bodies listed deal with approvals, financing procedures, or planning, not with providing an independent credit rating. So the entity that ranks a city or town for an Offering Statement is the external rating agency.

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