Municipal Note Ratings

The municipal note ratings are slightly different from municipal bond ratings. Municipal note ratings are not as common and you usually don't see them around unless you specifically are looking for municipal notes. Municipal note ratings are based on the quality of the notes and the ability of the municipal issuer to pay back the principal and interest.

As with municipal bond ratings, there are Moody's Ratings for short term municipal notes as well as S&P Ratings for short term municipal notes. The municipal note ratings range from best quality to adequate quality for Moody's Ratings. Moody's has four municipal note ratings whereas S&P only has three, speculative, satisfactory and very strong. Another municipal note ratings not shown here is the Fitch ratings for municipal notes which are F-1, F-2 and F-3.

Moody's MIG Ratings for Municipal Notes

S&P Ratings for Municipal Notes