Davenport's Credit Ratings Reaffirmed by Moody's and S&P

City's long-term financial stability recognized by top ratings agencies

Mar. 31, 2026 at 1:55am

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A close-up of a shiny, polished metal gear or cog, dramatically lit against a dark background, representing the complex financial machinery that powers a city's infrastructure.Davenport's reaffirmed credit ratings reflect the city's disciplined financial management, allowing it to fund critical projects cost-effectively.Davenport Today

The City of Davenport's strong credit ratings have been reaffirmed by both Moody's and Standard & Poor's, reinforcing the city's long-term financial stability. Davenport's S&P rating is AA and stable, while Moody's reaffirmed its Aa2 rating, also with a stable outlook.

Why it matters

Maintaining positive credit ratings allows the city to maximize its capital improvement program in a cost-effective way for residents. The ratings reflect Davenport's conservative budgeting practices, strong general fund reserves, and manageable debt levels.

The details

City leadership met with both ratings agencies to deliver a comprehensive and transparent look at Davenport's finances and future planning. S&P Global's report highlighted the city's commitment to transparency, including monthly financial reporting and multi-year financial projections.

  • The City Council is expected to approve the FY 2027 budget in April.

The players

Moody's

A leading global credit rating agency that reaffirmed Davenport's Aa2 rating with a stable outlook.

S&P Global

A leading global credit rating agency that affirmed Davenport's AA rating with a stable outlook.

Basia Gerlach

The chief financial officer for the City of Davenport, who stated that the city's strong financial standing is the result of following disciplined budgeting practices.

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What they’re saying

“The City's strong financial standing is the result of following some of the most disciplined budgeting practices.”

— Basia Gerlach, Chief Financial Officer, City of Davenport

The takeaway

Davenport's reaffirmed credit ratings from top agencies demonstrate the city's commitment to responsible financial management, which allows it to fund critical infrastructure and services for residents in a cost-effective manner.