'AAA' Rated U.S.

Municipalities:
Current List
Primary Credit Analyst:
Karl Jacob, Boston (1) 617-530-8134; karl.jacob@standardandpoors.com
Secondary Contact:
Steven E Waldeck, Boston (1) 617-530-8128; steven.waldeck@standardandpoors.com
Research Assistant:
Rushik B Shah, Mumbai

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'AAA' Rated U.S. Municipalities: Current List

The following table summarizes Standard & Poor's Ratings Services' current general obligation bond ratings for 'AAA'
rated U.S. municipalities. The ratings are based on seven factors: institutional framework, economy, management,
liquidity, budgetary performance, budgetary flexibility, and debt and contingent liabilities for municipalities.
U.S. Municipalities With 'AAA' GO Ratings
(As of Feb. 16, 2016)
Obligor

Obligor State

Acton Twn

MA

Addison

TX

Alamo Heights

TX

Albuquerque

NM

Alexandria

VA

Algonquin Vill

IL

Allen

TX

Allendale Boro

NJ

Alpharetta

GA

Amarillo

TX

Anchorage Municipality*

AK

Andover

MA

Apex Town

NC

Apple Valley

MN

Arlington

MA

Arlington

TX

Asheville

NC

Austin

TX

Avalon Borough

NJ

Avon

CT

Bannockburn Vill

IL

Bar Harbor Twn

ME

Barnstable

MA

Bartlett

TN

Bedford Twn

MA

Bedford Twn

NY

Bellaire

TX

Bellevue

WA

Bernards Twp

NJ

Bernardsville Borough

NJ

Bethel

CT

Beverly Hills

CA

Birmingham

MI

Bloomfield Charter Twp

MI

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Bloomfield Hills

MI

Bloomington

MN

Boca Raton

FL

Boonton Twp

NJ

Borough of Sea Girt

NJ

Boston

MA

Boulder

CO

Bowie

MD

Boxborough Twn

MA

Boxford

MA

Branchburg Township

NJ

Branford

CT

Brentwood

TN

Brewster Town

MA

Brookfield Twn

CT

Buckingham Twp (Bucks Cnty)

PA

Buffalo Grove Vill

IL

Bunker Hill Vill

TX

Burbank

CA

Burlington

MA

Caddo Parish

LA

Camarillo

CA

Cambridge

MA

Campbell

CA

Canton Town

CT

Canton Twn

MA

Cape Elizabeth

ME

Carlsbad

CA

Carrboro Town

NC

Carrollton

TX

Cary

NC

Cascade Charter Twp

MI

Centennial

CO

Cerritos

CA

Chandler

AZ

Chanhassen

MN

Chapel Hill

NC

Charleston

SC

Charlotte

NC

Charlottesville

VA

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Chatham

MA

Chattanooga

TN

Chesapeake

VA

Cheshire

CT

Chilmark Town

MA

Claremont

CA

Clarendon Hills

IL

Clayton

MO

Colleyville

TX

Columbus

OH

Coppell

TX

Coral Springs

FL

Cornelius

NC

Cranbury Twp

NJ

Cromwell

CT

Dartmouth

MA

Dedham

MA

Deer Park

TX

Delray Beach

FL

Dennis

MA

Des Peres

MO

Downers Grove Vill

IL

Durham

NC

Duxbury Twn

MA

Eagan

MN

Eastham

MA

East Hampton

CT

Easton Twn

CT

Eden Prairie

MN

Edina

MN

Elmhurst

IL

El Paso De Robles

CA

Encinitas

CA

Fairfax

VA

Fairfield

CT

Falcon Heights

MN

Falls Church

VA

Falmouth

ME

Farmington Hills

MI

Flower Mound

TX

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Fountain Valley

CA

Franklin

TN

Freeport

ME

Frontenac

MO

Fuquay-Varina Twn

NC

Germantown

TN

Glastonbury

CT

Glencoe Vill

IL

Grand Prairie

TX

Grandview Heights

OH

Great Neck Vill

NY

Greenburgh Town

NY

Green Oaks Vill

IL

Greensboro

NC

Greenville

SC

Greenwich

CT

Grosse Pointe Farms

MI

Groton Twn

MA

Guilford

CT

Gurnee

IL

Hamilton

MA

Harvard

MA

Hebron

CT

High Point

NC

Hingham Twn

MA

Hinsdale

IL

Hoover

AL

Hopewell Twp (Mercer Cnty)

NJ

Hopkinton

MA

Hudson

OH

Huntersville Twn

NC

Huntington Town

NY

Huntsville

AL

Indian Hill Vill

OH

Inverness Vill

IL

Irving

TX

Issaquah

WA

Jupiter

FL

Katy

TX

Keller

TX

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Kennebunk Twn

ME

Kent Cnty

MI

Key Biscayne Vill

FL

Kirkland

WA

Lafayette

CA

Lake Forest

CA

Lakeland

MN

Lake Oswego

OR

Lakewood Vill

IL

Lake Zurich Vill

IL

Leesburg

VA

Lenexa

KS

Lewisville

TX

Limerick Twp

PA

Lincoln

NE

Lincoln Twn

MA

Little Compton Twn

RI

Littleton

MA

Los Alamitos

CA

Lower Merion Twp

PA

Madison Boro

NJ

Mahwah Twp

NJ

Malibu

CA

Manhattan Beach City

CA

Manheim Twp

PA

Maple Grove

MN

Marblehead Twn

MA

Marion Twn

MA

Mashpee Town

MA

Mattapoisett

MA

McKinney

TX

Mendham Twp

NJ

Mendota Heights

MN

Metro

OR

Middleton Twn

WI

Mill Vy

CA

Milpitas

CA

Milton

MA

Minneapolis

MN

Minneapolis-St. Paul Metro Council

MN

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Minnetonka Beach

MN

Mission Viejo

CA

Montgomery Twp

PA

Montvale Boro

NJ

Montville Twp

NJ

Morrisville

NC

Mountain View

CA

Mount Pleasant

SC

Mukilteo

WA

Naperville

IL

Natick

MA

Needham

MA

New Albany

OH

Newburyport

MA

New Fairfield

CT

Newport Beach

CA

Newton

MA

Newtown

CT

Northbrook Vill

IL

Northfield Vill

IL

North Haven

CT

Norwalk

CT

Norwell Twn

MA

Novi

MI

Oakland Charter Twp

MI

Ocean Beach Vill

NY

Oklahoma City

OK

Old Lyme

CT

Old Tappan Boro

NJ

Orange Twn

CT

Orinda

CA

Orleans Twn

MA

Overland Park

KS

Palm Beach Gardens

FL

Palo Alto

CA

Parker

TX

Pasadena

CA

Peachtree City

GA

Pelham

AL

Pinecrest Vill

FL

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Piney Point Vill

TX

Plainsboro Twp

NJ

Plano

TX

Plymouth

MN

Portsmouth

NH

Powell

OH

Purcellville Town

VA

Raleigh

NC

Rancho Santa Margarita

CA

Raymond Town

ME

Reading

MA

Redding Town

CT

Redmond

WA

Richardson

TX

Ridgefield Twn

CT

Ridgewood

NJ

Ridgewood Vill

NJ

River Forest Vill

IL

Rochester

MI

Rochester

MN

Rochester Hills

MI

Rockville

MD

Rockville Centre

NY

Roseville

MN

Rossford

OH

Roswell

GA

Sagaponack Vill

NY

Saltaire Vill

NY

San Antonio

TX

San Carlos

CA

San Clemente

CA

San Juan Capistrano

CA

San Ramon

CA

Santa Clarita

CA

Santa Monica

CA

Saratoga

CA

Schaumburg Vill

IL

Scottsdale

AZ

Seattle

WA

Shavano Pk

TX

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Sherborn

MA

Shoreview

MN

Simi Valley

CA

Smyrna

GA

Southampton Twn

NY

Southborough

MA

Southlake

TX

South Portland

ME

Southside Place

TX

Spring Valley Village

TX

Stamford

CT

St. Louis Park

MN

St. Paul

MN

Sudbury

MA

Suffolk

VA

Sugar Land

TX

Summit

NJ

Sunnyvale

CA

Suwanee

GA

Tampa

FL

Tempe

AZ

Tolland

CT

Town & Country

MO

Troy

MI

Twn of Palm Beach

FL

Tyler

TX

Upper Arlington

OH

Vernon Hills Village

IL

Vienna Twn

VA

Village of Grosse Pointe Shores

MI

Virginia Beach

VA

Wake Forest

NC

Warren Township (Somerset County)

NJ

Watertown

MA

Wellesley

MA

Wellfleet

MA

Wenham Twn

MA

Westborough Twn

MA

West Des Moines

IA

Westerville

OH

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'AAA' Rated U.S. Municipalities: Current List

U.S. Municipalities With 'AAA' GO Ratings (cont.)

(As of Feb. 16, 2016)
Obligor

Obligor State

Westfield Town

NJ

Westford

MA

West Hartford Twn

CT

West Hollywood

CA

Westlake

OH

Weston

FL

Weston

MA

West University Place

TX

West Windsor Twp

NJ

Westwood

MA

Williamsburg

VA

Willowbrook

IL

Wilmington

NC

Winchester

MA

Winchester

VA

Windsor Twn

CT

Winston-Salem

NC

Woodbury

MN

Woodcliff Lake

NJ

Wood Dale

IL

Woodway

WA

Worthington

OH

Wyoming

OH

Yorba Linda

CA

GO--General obligation. All entities have stable outlooks except as noted. *We revised our outlook on Anchorage, Alaska to negative from stable
Oct. 28, 2015, due to the municipality's trend of weakening available reserves in the context of what we view as limited direct revenue effects to
date from a recent fall in oil prices that is affecting the state economy as a whole. We revised our outlook on Mukiteo, Wash. to negative from
stable Aug. 13, 2014, reflecting our view of the city's multiyear trend of general fund imbalances that have weakened budgetary flexibility.

We have determined, based solely on the developments described herein, that no rating actions are currently warranted. Only a rating
committee may determine a rating action and, as these developments were not viewed as material to the ratings, neither they nor this report
were reviewed by a rating committee.

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