Moody's Investor Services, the largest U.S. and international credit, financial research and bond rating agency, listed the City of North Royalton’s most current bond rating as Aa2. Moody's review found "North Royalton’s credit position is very good. Its Aa2 rating is a little stronger than the median rating of Aa3 for US cities. The key credit factors include a healthy financial position, a strong wealth and income profile and a solid tax base. It also reflects an exceptionally light debt burden and an elevated pension liability."
This is important because it means an interest rate savings for our residents on bond costs, and it demonstrates to the public that the finances of our City are well run according to unbiased, professional financial experts.