Rating Agencies Confirm Addison's Top Ratings

Moody's Investors Services and S&P Global announced this week that they have reaffirmed Addison's AAA credit ratings. Per Moody's release, the rationale for the rating includes that the Town's ample reserves are supported by an adept management team that uses conservative practices to guide budget planning and execution. S&P stated that consistent operating surpluses, aided by strong management and prudent spending, have enabled Addison to transfer excess general fund revenues into its capital project fund in each of the last three fiscal years while maintaining its healthy reserve levels.

Addison is one of only 11 cities in Texas with an Aaa rating from Moody's and an AAA rating from S&P.