Ratings Up from Fitch - Bond Upgrade & Strong Outlook

Published on January 05, 2024

Good news for Grand Prairie! Fitch Ratings has upgraded the city's sales tax revenue bonds (Central Park Revenue Project) to 'AA+' and affirmed its strong financial outlook.

This upgrade reflects Grand Prairie's robust economic growth, solid revenue streams, and manageable debt levels.

Key highlights:

• Bond upgrade: Fitch upgraded the city's Approximately $68.7 million of sales tax revenue bonds (Central Park Venue project) series 2015 and 2022 outstanding debt to 'AA+.'
• Strong financial foundation: Fitch praised the city's diverse and growing economy, healthy revenue growth, and prudent fiscal management.
• Fitch expects the city to maintain its financial resilience and continue its upward trajectory.

Read the full story on Fitch Ratings

For more details on the rating upgrade, including in-depth analyses, economic data, and future outlook, head over to the Fitch Ratings website.