Press Release|Public Finance

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

27 Oct 2023   |   New York


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.

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Click here to view the report.

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