Texas (May 1, 2025) – The City of McKinney has received the highest financial ratings from the nation’s top credit rating agencies, reaffirming the city’s strong economic position and responsible fiscal management.

Moody’s Investors Service awarded McKinney an Aaa rating for the city’s general obligation (GO) bonds and certificates of obligation (CO). In addition, Moody’s gave a rating of Aa1 to the city’s water and wastewater utility system debt. Standard & Poor’s (S&P) also gave the city its top score of AAA for GO bonds and COs and a rating of AA+ for the city’s water and wastewater system.

What this means for McKinney residents

Top credit ratings allow the City of McKinney to borrow money at the lowest possible interest rates, which means significant cost savings for taxpayers. These savings make it more affordable for the city to invest in long-term improvements that directly benefit the community like:

• Roads and transportation infrastructure
• Parks and open spaces
• City facilities and services
• Water and wastewater systems

“We’re proud that the City of McKinney has once again received top financial ratings from the nation’s leading credit agencies,” said City Manager Paul Grimes. “These ratings reaffirm our city’s strong economic position and responsible financial stewardship. They also allow us to continue investing in the infrastructure and services that support our growing community while saving money for taxpayers in the process.”