Moody’s downgrades Honolulu City & County, HI’s GOs to Aa2 and assigns Aa2 issuer rating; outlook revised to stable
New York, February 14, 2023 — Moody’s Investors Service has downgraded the City & County of Honolulu, HI’s general obligation unlimited tax (GOULT) rating to Aa2 from Aa1. Concurrently, Moody’s has assigned a Aa2 issuer rating to the City & County of Honolulu. This action concludes a review that was initiated on November 3, 2022 in conjunction with the release of the US Cities and Counties Methodology. Honolulu has about $4.2 billion in outstanding GOULT bonds. The outlook has been revised to stable from ratings under review.
