Cedar Rapids Receives Aa1 Bond Rating on General Obligation and Taxable General Obligation Bonds, Aa2 Bond Rating on Water Revenue Bonds

The City of Cedar Rapids is pleased to announce that Moody's Investors Service has assigned a Aa1 rating to the City's General Obligation (GO) Bonds, Series 2026A; and Taxable General Obligation Bonds, Series 2026B. Our Water Revenue Bonds, Series 2026C, received an Aa2 rating. These remain unchanged from last year's ratings.

The Aa1 rating indicates the bonds are judged to be of high quality and are subject to low credit risk. The outlook on the general obligation rating is stable, reflecting Moody's expectation that the City's healthy financial profile will be maintained.

Moody's rating system assists investors in evaluating credit risk by conducting rigorous analysis of the City's finances and general management of the operations. The ratings are used as a measure of confidence in the city governance upon each bond issuance. Moody's also considers the overall economic health of the city, including major employers, local construction, unemployment and other economic indices. Moody's recognized the City's strong local economy that serves as a regional economic hub for eastern Iowa and its strong financial position with healthy reserves and liquidity.

The bond sale associated with these ratings is scheduled for May 12, 2026.

To view the full report, visit Moodys.com.