Ratings Up from Fitch - Bond Upgrade & Strong Outlook

Published on January 05, 2024

Front exterior of Grand Prairie City Hall

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.