Both Moody’s Investor Services and S&P Global Ratings have given Allen their highest ratings for the city’s 2019 General Obligation bonds. The agencies cited Allen’s stable economy, strong fiscal management, manageable debt burden, healthy reserve funds and above-average resident income as key factors in the ratings.
Allen has maintained an overall bond rating of AAA and Aaa since 2016. Similar to a personal credit score, high bond ratings provide significant savings to Allen taxpayers by helping the City attain lower interest rates.
S&P also awarded an AAA rating to the 2019 Water and Sewer Revenue Bonds.