Bonds are issued to fund infrastructure and development through the following major debt categories: General Obligation Bonds - City of Surprise, Pledged Revenue, City of Surprise Municipal Property Corporation Wastewater Development Impact Fee and subordinate lien Wastewater Utility Revenue, and Marley Park Community Facility District General Obligation.   

The bonds are rated by two major rating agencies, Fitch Ratings and Standard and Poor’s Ratings Services.  The following table presents the underlying ratings assigned to the bonds.  Best efforts will be made to update the ratings in a timely manner; however, please check rating agency websites for the most up to date information.