City of Camas Series 2025 GO And GO Refunding Bonds Assigned 'AAA' Rating

The City of Camas was on the receiving end of some good news when it comes to the City’s Bond ratings. The S&P Global Ratings recently assigned a 'AAA' long-term rating to Camas’ approximate $25 million series 2025 unlimited tax general obligation (GO) bonds and $10 million series 2025 limited tax GO and refunding bonds.

In addition to the GO and GO Refunding Bond ratings, S&P Global Ratings also affirmed the City’s 'AAA' long-term rating on unlimited and limited tax GO bonds outstanding.

“This most recent rating is great news and shows the hard work the City has put in” said Camas Finance Director, Cathy Huber Nickerson. “However, we know we still have areas to work on to continue to find additional funding for things like street preservation and maintenance and to limit the financial exposure of the City’s General Fund,” she said.

The S&P also noted that the City’s outlook is stable, acknowledging that the recent rating reflects the City's strong financial management policies, healthy available reserve position, affordable long-term liability profile and favorable economic metrics, including extremely high local income metrics