The rating agency Moody’s has confirmed the credit rating assigned to the City of Lugano: for the ninth consecutive year, the City has received an Aa3 rating with a stable outlook, a level that falls within the high-quality range. Moody’s assessment was based on the analysis of the 2026 draft budget and the recently prepared 2026–2033 financial plan.

The City’s financial situation highlights in particular:

  • good financial performance, supported by solid governance;
     
  • a broad and strong tax base and fiscal potential, backed by a robust and diversified economy;
     
  • a high level of debt that remains a point of attention, counterbalanced by debt-reduction measures already implemented and planned for the coming years.
     

The City Council takes note with satisfaction of the confirmation of the Aa3 rating, achieved in a challenging global context marked by geopolitical tensions, persistent economic uncertainties, and pressure on public budgets. This rating allows the City easier access to capital markets and greater financing availability on favorable economic terms.

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Città di Lugano
Finanze
Via della Posta 8
6900 Lugano
t. +41 58 866 71 26
[email protected]