City of Deltona Receives High Marks from Moody’s Investors Service

The City of Deltona received a good financial report from Moody’s investor service, regarding its credit position.  The annual report, stated the following: “The credit position for Deltona is very high quality and its Aa2 rating slightly exceeds the median rating of Aa3 for cities nationwide.  Key credit factors include a robust financial position and a manageable debt burden with a mid-ranged pension liability.  Deltona’s available fund balance as a percent of operating revenues (63.2%) far surpasses the U.S. median.  The net cash balance as a percent of revenues (105.9%) is far superior to other Moody’s-rated cities nationwide.”

AttachmentSize
PDF icon 2017-moody_report.pdf435.43 KB