Moody’s Investors Service has upgraded the City of League
City’s bond rating from Aa2 to Aa1, the second highest rating on the Moody’s
“This important achievement could not have been realized
without the commitment of the City Council to maintain the highest standards
for financial operations,” said Rebecca Underhill, Assistant City
Manager/Director of Finance.
According to the Moody’s Investor Service press release, the
upgrade to Aa1 reflects the rapidly growing tax base supported by a stable
economic profile, and a consistent history of favorable financial management
evident by ample reserves. Additional considerations include the city’s debt profile
which remains affordable, despite being higher than peers.
For the Moody’s Investors
Service’s press release go to: http://leaguecity.com/DocumentCenter/View/15288.