Johnson City retains Moody's Aa2 rating

Moody’s Ratings announced Johnson City will retain a Moody’s Aa2 general obligation unlimited tax (GOULT) rating. Aa2 is the third-highest long-term credit rating and is defined as being in the mid-range of the high-quality category and subject to very low credit risk. Moody’s Ratings are accompanied by an outlook assignment, which was downgraded to “negative” in this assessment due to the payment of an outstanding lawsuit. Rebuilding the fund balance, increase in resident incomes, and increasing value per capita could lead to an upgraded outlook moving forward.