The City of Round Rock General Obligation (G.O.) bond ratings have been reaffirmed by Moody’s and Standard & Poor’s. Moody’s reaffirmed the City’s Aa2 rating in 2010 and Standard & Poor’s affirmed its AA+ in 2011. This keeps the City of Round Rock in the upper tier of municipalities.
The City initially achieved these ratings in 2007.
Below are some excerpts from the original reports filed by these rating services.
“The rating upgrade reflects a diversifying and sizeable tax base that continues to expand at a healthy pace, a solid financial position marked by conservative fiscal policies, a manageable debt burden, favorable wealth levels, and a strong management team,” Moody’s report (PDF) stated.
According to Standard and Poor’s report (PDF) , its rating is based on the City’s “boosting wealth and income levels; good financial performance, including high reserve levels and strong financial management practices; and recent growth in the healthcare and retail sectors, in line with management’s goals of economic diversification and expansion.”
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