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Release #04 01 26
Contact:
Alia Wilson
408-731-0716
awilson@sunnyvale.ca.gov
MOODY'S AFFIRMS SUNNYVALE'S TOP-TIER 'AAA' CREDIT RATING, CONFIRMING CITY'S STRONG FINANCIAL HEALTH
SUNNYVALE, Calif. – For the first time since 2021, Moody’s Ratings has conducted a full review of Sunnyvale’s finances and reaffirmed the City’s "Aaa" issuer rating. This is the highest possible credit score a city can receive, signaling that Sunnyvale is in strong financial shape. Along with this top score, Moody’s also reaffirmed "Aa1" ratings for the City’s water and wastewater systems and lease-revenue financing, noting that the outlook for all City funds is stable.
This high rating is a result of Sunnyvale’s robust and growing local economy. Moody’s also pointed to the City’s strong reserves, supported by a diverse revenue base and prudent fiscal management. The report also praised the City for keeping its debt levels manageable while still investing in major community improvements, such as the Sunnyvale Cleanwater Program and the newly completed City Hall.
"This Aaa rating—our first from Moody’s in five years—is a clear win for our residents," said Sunnyvale Director of Finance, Matthew Paulin. "Because we have a history of managing our budget carefully, we can fund these vital projects at the lowest possible interest rates, saving our residents money in the long run."
For updates on other ongoing projects in the city, visit our Projects webpage.
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About the City of Sunnyvale - Sunnyvale is the heart of Silicon Valley. With a population of 159,673, Sunnyvale is the seventh-largest city in the Bay Area. We’re a center of technology and innovation, but also a town of quiet family neighborhoods, strong schools and a diverse community of people. The city has 27 parks; facilities for golf, tennis and swimming; a library; and an arts complex. Sunnyvale’s downtown is home to a variety of local eateries and merchants, and hosts frequent art festivals, concerts and a year-round farmers’ market. Sunnyvale has over 11,000 businesses that provide a rich mixture of goods and services, including many icons in tech, manufacturing, retail and research and development.
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