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

On October 30, 2024, KBRA affirmed the Long-Term AA+ Rating and revised the Rating Outlook to Stable from Positive on the City of Dallas, TX General Obligation Bonds, Certificates of Obligation and Equipment Acquisition Notes.

The rating affirmation is anchored by the City's sound financial profile, financial management practices, healthy reserves and ample liquidity. The Outlook revision to Stable is based on the limited improvement in the City's pension funding metrics to date which may limit future financial flexibility.

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Click here to view the report.