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KBRA Releases Report for the City of Birmingham, AL General Obligation Bonds and Warrants 2018 Series

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On August 2, 2018, Kroll Bond Rating Agency (KBRA) assigned a long-term
rating of AA with a Stable Outlook to the City of Birmingham (the City),
AL General Obligation Bonds Series 2018-A and General Obligation
Warrants Series 2018-B. KBRA also affirmed the long-term rating of AA
with Stable Outlook on the City's outstanding General Obligation Bonds
and Warrants.

 
Ratings
Issuer: City of Birmingham, Alabama
Series/Bond   Rating   Outlook   Action
General Obligation Refunding Bonds, Series 2018-A   AA   Stable   Assigned
General Obligation Warrants, Series 2018-B   AA   Stable   Assigned
General Obligation Refunding Bonds   AA   Stable   Affirmed
General Obligation Warrants   AA   Stable   Affirmed

KBRA's long-term ratings do not apply to bonds backed by a letter of
credit or liquidity facility, unless otherwise noted.

KBRA's rating assessment of the City of Birmingham's General Obligation
Bonds and Warrants is based on KBRA's U.S.
Local Government General Obligation Rating Methodology
:

  • Governance and Management Structure and Policies
  • Municipal Resource Base
  • Debt and Additional Continuing Obligations
  • Financial Performance and Liquidity

To view this report, please click here.

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About KBRA and KBRA Europe

KBRA is a full service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
recognized by the National Association of Insurance Commissioners as a
Credit Rating Provider and a certified Credit Rating Agency (CRA) by the
European Securities and Markets Authority (ESMA). Kroll Bond Rating
Agency Europe Limited is registered with ESMA as a CRA.

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