• February 26, 2025

Brownsville Earns AA+ Credit Rating, Signaling Strong Financial Health And Economic Growth

Brownsville Earns AA+ Credit Rating, Signaling Strong Financial Health And Economic Growth

The City of Brownsville has received an improved AA+ credit rating from S&P Global Ratings, up from its previous AA rating, marking a significant milestone in the city’s financial stability and economic development.

The upgraded rating applies to Brownsville’s existing limited tax debt and the anticipated $54 million in combination tax and revenue certificates of obligation designated for citywide infrastructure improvements.

This improved credit rating is expected to lower borrowing costs, strengthen the city’s ability to fund critical infrastructure projects, and help maintain manageable tax rates for residents.

The AA+ rating reflects Brownsville’s sustained economic growth, sound financial management, and strategic infrastructure investments. Key economic drivers, including aerospace, international trade, tourism, and manufacturing, have contributed to the city’s financial health and regional economic influence.

Additionally, the rating highlights Brownsville’s position as a key trade and commerce hub, with ongoing investments in public services and economic development that continue to drive long-term prosperity.

City leaders view this upgraded rating as a reflection of strong fiscal stewardship and responsible financial planning, reinforcing Brownsville’s commitment to sustainable growth and community development.

Leave a Reply

Your email address will not be published. Required fields are marked *