Page 83 - 2018 Comprehensive Annual Financial Report - City of Winston-Salem

The ratings of the municipal and corporate bonds are presented in the following table:

Type of Bonds S&P Moody’s Market Value
Corporate AAA AAA $ 1,320,017
AAA AA1 94,399
AAA N/A 353,162
AA+ AA1 432,158
AA+ N/A 300,621
AA AA2 264,669
AA- AA2 538,656
AA- AA3 719,759
AA- A1 939,428
AA- BAA1 86,192
A+ AA2 342,937
A+ A1 410,619
A+ A2 379,441
A+ A3 260,880
A A1 295,986
A A2 1,860,232
A A3 974,051
A BAA2 142,925
A N/A 1,484,164
A- A1 633,685
A- A2 1,569,888
A- A3 3,293,978
A- BAA1 320,300
A- BAA2 103,230
A- N/A 595,703
BBB+ A3 1,575,058
BBB+ BAA1 2,087,014
BBB+ BAA2 1,087,227
BBB+ N/A 1,447,372
BBB A3 645,734
BBB BAA1 618,506
BBB BAA2 1,870,798
BBB BAA3 945,483
BBB N/A 1,698,953
BBB- BAA2 106,993
BBB- BAA3 1,318,434
BBB- BA1 149,819
BBB- N/A 2,191,824
BB- N/A 165,373
N/A AAA 1,102,898
N/A AA3 307,878
N/A A3 183,208
N/A BAA2 298,716
N/A BAA3 499,444
N/A N/A 2,422,388
Total $ 38,440,200

W I N S T O N S AL E M , N O R T H C AR O L I N A 77