For the 13th year in a row, both Standard & Poor’s and Moody’s credit rating agencies have reaffirmed Richardson’s “Triple A” status, the highest possible rating available for credit worthiness. Richardson has held AAA status from Standard & Poor’s for 15 years now, and this is the 13th year in a row the City has received an Aaa rating from Moody’s.
This year, the City plans to sell approximately $29.7 million in General Obligation Refunding and Improvement bonds, as well as $15.6 million in Combination Tax and Revenue Certificates of Obligation. The sale will provide funds for projects approved by voters in the 2021 Bond Program as well as short- and long-term capital expenses, including fire and solid waste equipment and water and sewer infrastructure.
