For the 17th consecutive year, both S&P Global Ratings and Moody’s Ratings have reaffirmed the City of Richardson’s Triple A credit rating, the highest level of creditworthiness available. Richardson has maintained its AAA rating from S&P for 19 years and its Aaa rating from Moody’s for 17 consecutive years.
Achieving “Triple A” status requires the City to meet rigorous standards across multiple areas, including financial performance, reserve levels, economic stability and the ability to meet debt obligations. In their latest reviews, both agencies cited Richardson’s strong and consistent financial performance, conservative budgeting and long-term planning, diverse and expanding tax base within the Dallas-Fort Worth region, robust local economy supported by major employers and higher education, and a stable outlook tied to continued growth and disciplined fiscal management.
This year, the City plans to sell $27.175 million in general obligation bonds and $36.97 million in certificates of obligation to fund infrastructure, facilities, and parks and recreation projects.
