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On Target

General obligation bond rating

High Performing Government | Desired Measure Result: Above Target

  Moody's Fitch S&P Kroll
2014 Aa1 AA+ AA+ N/A
2015 Aa1 AA+ AA+ N/A
2016 Aa2 AA+ AA+ N/A
2017 Aa3 AA+ AA+ N/A
2018 Aa3
AA+ AA AA+
2019 Aa3 AA+ AA AA+

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. 

Moody’s Investors Services (Moody’s), S&P Global Rating Services (S&P), Fitch Rating Services (Fitch), and Kroll Bond Rating Agency (Kroll) all have assigned ratings to the City of Fort Worth’s outstanding debt.    The City’s general obligation bonds are rated “Aa3” by Moody’s, “AA” by S&P, and “AA+” by both Fitch and Kroll.  The City’s ratings are complimentary of our strong financial performance, maintaining reserves, and strong financial governance.  The City’s pension obiligations and fixed costs, create downward pressure on the City’s ratings.