Bond Ratings

Bond ratings are assessed on the economy, debt structure, financial condition, demographics and management practices of the governing body and administration. The City of McPherson seeks bond ratings from Standard & Poor's.

The City of McPherson's Current Bond Rating is AA-. (click here for the latest Ratings Direct Analysis)

Previous Ratings Direct Analysis: 2019, 2018, 2014.

Understanding S&P Investment Grades:
AAA - Extremely strong capacity to meet financial commitments.
AA - Very strong capacity to meet financial commitments.
A - Strong capacity to meet financial commitments, but somewhat susceptible to economic conditions and changes in circumstances.
BBB - Adequate capacity to meet financial commitments, but more subject to adverse economic conditions.

Understanding S&P Speculative Grades:
BB - Less vulnerable in the near-term but faces major ongoing uncertainties due to adverse business, financial and economic conditions. 
B - More vulnerable to adverse business, financial and economic conditions but currently has the capacity to meet financial commitments.
CCC - Currently vulnerable and dependent on favorable business, financial and economic conditions to meet financial commitments.
CC - Highly vulnerable; default has not yet occurred, but is expected to be a virtual certainty.
C - Currently highly vulnerable to non-payment, and ultimate recovery is expected to be lower than that of higher-rated obligations.
D - Payment default on a financial commitment or breach of an imputed promise; also used when a bankruptcy petition has been filed.