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City College Of San Francisco's Bond Rating Holds, Outlook Improves

Moody’s Ratings affirmed the college's A1 bond rating and revised its outlook from negative to stable.

College building surrounded by trees.
City College of San Francisco's Science Hall on Monday. | Ingleside Light

City College of San Francisco's financial position has improved in the view of its ratings agency.

Moody's Ratings on Feb. 20 affirmed the college's A1 general obligation bond rating and revised its outlook from negative to stable.

Moody's cited improved finances, financial policies and practices and working relationship between the Board of Trustees and the administration. The college's reaffirmed accreditation was also cited.

A good rating should give taxpayers confidence and protect the institution's ability to take out loans at favorable rates.

City College Saves Taxpayers $6.4M By Refinancing Bonds
San Francisco taxpayers will save about a million dollars per year.

The report is meaningful given that in November, Moody’s Ratings forecast a difficult year for colleges across the country for fiscal year 2026. The higher education sector is expected face challenges navigating enrollment pressures, increased costs and an unfriendly political environment.

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