Agda Pkt 2026.07.27 Joint SA PFA

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City of Redwood City Notes to the Basic Financial Statements (Continued) For the Year Ended June 30, 2025 80 Note 2 – Cash and Investments (Continued) D. Risk Disclosure (Continued) Disclosures Relating to Credit Risk (Continued) The City’s investments are rated by the nationally recognized statistical rating organizations as follows: S&P Moody’s U.S. Agencies: Federal Home Loan Mortgage Corporation (FHLB)Aa1 AA+ Federal National Mortgage Association (FNMA)Aa1 AA+ Corporate Notes: Bristol-Myers Squibb A2 A Wells Faro Bank Aa2 A+ Bank of America NA Aa2 A+ JP Morgan Chase Bank Aa2 AA- Target Corp.A2 A Bank of NY Mellon Corp.Aa3/Aa2 A/AA- Goldman Sachs Group Inc A1 A+ Home Depot Inc.A2 A Amazon.com Inc.A1 AA JP Morgan Chase & Co.A1 A Kenvue Inc.A1 A Morgan Stanley A1 A- Morgan Stanley Bank NA Aa3 A+ John Deere Capital Corp.A1 A Citibank NA Aa3 A+ Bank of America Corp.A1 A- State Street Corp.Aa3 A Astrazeneca Finance LLC A1 A+ BlackRock Funding Inc.Aa3 AA- Adobe Inc.A1 A+ Mastercard Inc.Aa3 A+ Pepsico Inc.A1 A+ Toyota Motor Credit Corp.A1 A+ Eli Lilly & Co.Aa3 A+ Walmart Inc.Aa2 AA BlackRock Inc.Aa3 AA- National Securities Clearing Aa1 AA+ Municipal Bonds: FL State Board of Admin Taxable Revenue Bonds Aa2 AA Money Market Fund: First American Government Not Rated Not Rated Certificate Of Deposits-Negotiable: Rabobank UA/NY A A1 Asset-backed Securities: CCCIT Aaa AAA KCOT Aaa NR BAAT Aaa NR HAROT NR AAA TAOT NR AAA USAOT Aaa AAA FITAT Aaa AAA AMXCA NR AAA CHAIT NR AAA HART NR AAA BACCT Aaa/NR NR/AAA GMCAR Aaa/NR NR/AAA External Investment Pools: San Mateo County Investment Fund AAAf/S1 Not Rated California Local Agency Investment Fund Not Rated Not Rated 7.C. - Page 112 of 269 131