How many credit ratings does GFOA recommend issuers obtain?

GFOA recommends that issuers obtain as many credit ratings as they deem appropriate to meet their specific needs. This flexibility allows issuers to choose ratings based on their assessment of what will best inform their investors and the market about their creditworthiness. Different ratings can provide varied perspectives, helping issuers to gain a comprehensive understanding of their financial standing. By tailoring the number of ratings to their circumstances, issuers can enhance their informational transparency and potentially improve their borrowing conditions.

The other options suggest a fixed number of ratings which may not suit every issuer's situation. For example, limiting to one or two ratings can restrict the range of insights an issuer might gain, and requiring at least four ratings may not be practical or beneficial for all issuers, particularly smaller ones that might not have the resources to seek multiple ratings.