In October 2008, Auburn citizens received outstanding news relating to their bond ratings. Standard & Poor's, the world's foremost provider of independent credit ratings, upgraded the City of Auburn's bond rating from AA to AA+. Auburn and Huntsville are the only municipalities in the State of Alabama to hold an AA+ rating.

The new AA+ rating is an extremely noteworthy accomplishment and is a direct result of the City's financial plan, meticulously outlined in the current Biennial Budget and passed by the City Council in September of this year. The rating reflects the City's consistent track record of sound financial management, a strong and diversified revenue base, and solid financial reserves. Cities holding such a high rating exemplify excellence both in financial standing and reporting.

Also in October 2008, Moody's confirmed the City's Aa3 bond rating. The State of Alabama has an Aa2 rating. Huntsville and Mountain Brook are the only Alabama cities rated Aa1 by Moody's. Montgomery and Vestavia Hills are rated Aa2 by Moody's. A high bond rating allows the City to enjoy lower interest rates on its bond issues.