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Bond Rating

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Status Indicators: Proceeding as Anticipated |  Monitoring Progress | Reviewing for Improvement | Information Unavailable

Status Indicators:
Proceeding as Anticipated
 Monitoring Progress
Reviewing for Improvement
Information Unavailable

AAA

FY 2020
bond-rating

Please note that Q1, Q2, Q3, and Q4 refer to the first, second, third, and fourth quarters of the Fiscal Year. The City’s Fiscal Year runs from October 1st – September 30th and is denoted by FY. CY denotes Calendar Year.

Fitch Ratings and Standard & Poor’s Global Ratings both affirmed Sugar Land’s “AAA” bond rating in connection with the issuance of General Obligation (GO) and refunding bonds approved by City Council on October 15, 2019. The “AAA” rating is the highest rating a bond can carry and represents a bond with minimal risk due to the strong financial management practices of the city. Standard & Poor’s rating reflects the city’s overall strong budget monitoring that has historically yielded consistent and positive budgetary performance. 

Fitch recognized the city’s strong operating performance supported by its ability to raise revenues, solid expenditure flexibility and strong operating performance. 

“The city's strong budget management practices are evidenced by reserve replenishment during periods of economic expansion and no deferral of required spending,” wrote Fitch.  “Management also has a history of prompt responses to changing economic conditions.”

The affirmation of the AAA rating recognizes the commitment by City Council and staff to ensure sound financial oversight of city resources. The city’s focused but aggressive economic development program helps to grow commercial property tax values with the goal of benefitting residents through investment of restricted revenues in new quality of life amenities and ultimately supporting the city’s ability to maintain one of the lowest tax rates in the state of Texas among similarly-sized cities.

 
bond-rating

 

AAA: The highest possible bond rating in the rating scale.

Bond ratings reflect a detailed analysis of the City’s ability to repay debt and include an assessment of the local/regional economy, overall administration, financial policies, and track record in managing its financial position.

Bond Rating Agencies - Standard & Poor's; Fitch Ratings

Contact Information

City of Sugar Land
2700 Town Center Blvd. North
Sugar Land, TX 77479

Office of Performance and Accountability
Contact (281) 275-2198
www.sugarlandtx.gov
[email protected]

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Contact Information

City of Sugar Land
2700 Town Center Blvd. North
Sugar Land, TX 77479

Office of Strategic Initiatives
Contact (281) 275-2198
www.sugarlandtx.gov
[email protected]

Site Map
Disclaimer
Privacy

click here to view the city of sugar land's facebook pageclick here to view the city of sugar land's twitter page