KBRA Releases Report Affirming the AA+ Rating and Positive Outlook on City of Dallas, TX General Obligations

On October 25, 2023, KBRA affirmed the AA+ Rating and Positive Outlook on the City of Dallas' General Obligations, including General Obligation Bonds; Certificates of Obligation and Equipment Acquisition Notes.

The affirmation of the AA+ Rating and Positive Outlook reflects KBRA’s expectations for continued favorable resource base and financial performance trends against the backdrop of a stable, post-pandemic operating environment. The disciplined management of City’s fixed cost obligations, as evidenced by material and sustainable increases in annual pension contributions, will be critical to upward rating movement.

To access rating and relevant documents, click here.

Click here to view the report.