City poised for credit rating upgrade to AA status

During a recent government meeting, officials discussed the city's current credit rating and the potential for an upgrade. The city is currently rated at double A minus, with the possibility of moving up to a double A rating, which is a significant improvement in the hierarchy of credit ratings. The ratings range from triple A, the highest, to various lower categories, including A and triple B.

The discussion highlighted the rarity of cities of similar size achieving such favorable credit ratings, with many falling below the double A minus threshold. Officials noted that the city's position is advantageous, particularly within the Dallas-Fort Worth metroplex, which has experienced substantial growth over the past decade.

The meeting also addressed the timeline for the delivery of CoS funds, which are expected to be available by September 18, pending approval. The conversation underscored the importance of maintaining strong financial management and the contributions of key personnel in achieving these ratings. The mayor encouraged further questions and discussions on the matter, emphasizing the significance of the city's financial standing.