Credit-rating agencies provide an independent, objective, assessment of the creditworthiness of a municipality's debt obligations.

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Credit-rating agencies provide an independent, objective assessment of the creditworthiness of state and local government debt obligations. These assessments, generally made before sale of an issue of long-term bonds or short-term notes, help the issuer raise capital and help the investor decide whether to invest in the obligation.

Credit-Rating Agencies Provide an Independent, Objective, Assessment of the Creditworthiness