Every bond issued by the City of Fort Worth (and all other entities) are rated by at least one bond rating company. A bond rating gives investors important information about a bond and its issue and allows investors to make an informed decision when deciding whether or not to buy a bond. Like an individual's credit score, the higher the bond rating an entity receives the lower the interest rate the entity will be required to pay (less risk). Alternatively, the lower the bond rating (higher risk), the more interest an entity is required to pay.
Data Source: This data is provided to the city by each of the rating agencies, Moody's, S&P, Fitch, and Kroll.
The city's bond ratings did not change this year. Our ratings are complimentary of our strong financial performance, maintaining reserves and strong financial governance; however, the city’s pension obligations and fixed costs create downward pressure on the city’s ratings.