Moody's and S&P Reaffirm Addison's Top Ratings

Moody's and Standard and Poor's (S&P) credit rating agencies have both reaffirmed Addison's highest possible bond rating status. In November 2018, Moody's upgraded Addison's rating to Aaa, but Addison has maintained a AAA from S&P since 2008.
 
In a recent press release, Moody's shared that its Aaa rating reflects Addison's moderately-sized tax base and solid financial operations, reserves boosted by additional and available liquidity outside the main operating fund, and an adept management team that uses conservative practices to guide budget planning and execution.
 
S&P's report highlighted strong management, with strong financial policies and practices under its Financial Management Assessment methodology, and a very strong liquidity position.
 
Addison is one of only 11 cities in Texas that have a top rating by both credit rating agencies.