Moody's Investors Service has assigned a rating of Aaa to the long-term debt of the System and a rating of P-1 to the short-term debt of the System.
Standard & Poor's Ratings Service has assigned a rating of Aaa to the long-term Systemwide debt and a rating of P-1 to the short-term Systemwide debt. Fitch Ratings has assigned a rating of AAA to the long-term Systemwide debt and a rating of F1+ to the short-term Systemwide debt. Refer to the FAQs for further details on these ratings.
Bonds - are issued throughout the month in varying amounts, maturities, and structures. Maturities may range from three months to 30 years, but typically range from one year to five years. A variety of structures are offered including callable, fixed-rate and floating-rate bonds. Bonds are issued through a negotiated or competitive bid process through one or more
Bond Dealers.
