Contra Costa Transportation Authority Achieves “AAA” Credit Rating

Top tier AAA credit rating denotes strong financial health and stability

For Immediate Release

February 3, 2025

Contact Information

Lindy Johnson, Director of External Affairs
Contra Costa Transportation Authority
925.256.4702

  ljohnson@ccta.net

Issued By

CCTA Logo

WALNUT CREEK, CA – Contra Costa Transportation Authority (CCTA) officials today announced a significant AAA fiscal assessment by credit rating giants Fitch and S&P Global. The AAA standard is the highest possible rating given by credit agencies, reflecting CCTA’s strong financial health and its ability to meet its obligations with minimal risk of default. The AAA score signals to investors, partners, and the public that CCTA is a stable and financially healthy organization. 

 “Earning a AAA bond rating is a remarkable achievement for any public entity and a reflection of strong financial stewardship,” said CCTA Board Chair Newell Arnerich. “This milestone underscores the dedication, expertise, and hard work of our staff at CCTA, ensuring long-term financial stability and continued investment in our community.”

 “CCTA consistently strives to achieve the highest standards in all facets of our work—including fiscal stewardship,” CCTA Executive Director Tim Haile said. “This rating gives us greater access to capital at more favorable terms, which will help us continue to fund critical transportation projects to improve mobility for those who live and work in Contra Costa County.” 

About the Contra Costa Transportation Authority

The Contra Costa Transportation Authority (CCTA) is a public agency formed by Contra Costa voters in 1988 to manage the county’s transportation sales tax program and oversee countywide transportation planning efforts. CCTA is responsible for planning, funding, and delivering critical transportation infrastructure projects and programs that connect our communities, foster a strong economy, increase sustainability, and safely and efficiently get people where they need to go. CCTA also serves as the county’s designated Congestion Management Agency, responsible for putting programs in place to keep traffic levels manageable.