The Financial State of San Diego is Looking Good!

Moody's Investors Service affirmed that San Diego is in great financial health. Moody's gave the city of San Diego an Aa2 issuer rating and A1 lease revenue rating, the third and fifth-highest ratings, respectively. Moody's noted that San Diego had a strong and ever-improving financial position, a manageable pension burden, and a low debt burden. Moody noted that the city's decision to establish a Pension Payment Stabilization Reserve sets it apart from the rest of its peers, thus rewarding it properly with the high ratings. While San Diego has strong fiscal management, potential risks still loom. Namely, the city's exposure to economically sensitive revenue sources, and the fact that a large portion of their budget was attributed to fixed or unchanging costs. Fitch gave San Diego similar praise, giving an A+ rating to the San Diego Public Facilities Financing Authority's $105 million ballpark refunding bond issuance on February 8^th. This A+ rating is similar to Moody's A1 rating, and close to a Marshall Eriksen “steak sauce” rating. We know that you are always looking for the best deal on the market to increase your profits and your reputation. If you are located in or around California, Arizona, or the Western US, call or contact us at Parkwest General Contractors today. We will be glad to discuss your options and figure out the best way to complete the your upcoming build or remodel protect with minimal impact on your customers or your bottom line.