{"id":231020,"date":"2012-12-21T02:41:12","date_gmt":"2012-12-21T08:41:12","guid":{"rendered":"http:\/\/www.ktbb.com\/post\/?p=231020"},"modified":"2012-12-22T08:00:23","modified_gmt":"2012-12-22T14:00:23","slug":"tylers-aaa-bond-rating-reaffirmed","status":"publish","type":"post","link":"https:\/\/ktbb.com\/post\/?p=231020","title":{"rendered":"Tyler’s AAA Bond Rating Reaffirmed"},"content":{"rendered":"

\"\"<\/a>TYLER — As part of their annual surveillance of credit ratings, Standard and Poor\u2019s (S&P) announced that they have reaffirmed the City of Tyler\u2019s AAA bond rating. \u201cTo initially receive the AAA bond rating in 2009 was truly a remarkable achievement for our community,\u201d said City Manager Mark McDaniel. \u201cHowever, to have it reaffirmed following these tough economic times is extremely rewarding and is a testament to the fiscal discipline embraced by our community.\u201d <\/p>\n

In their report, S&P cites the following as underlying factors in reaffirming the City\u2019s bond rating:
\n* Tyler\u2019s status as the regional trade, service, and health care center for much of northeast Texas;
\n* Tyler\u2019s strong wealth levels and adequate income levels partly due to a significant student population;
\n* Consistently very strong financial position;
\n* The City\u2019s strong financial management policies; and
\n* A direct debt burden that is expected to remain very low because of a dedicated sales tax that provides cash funding for essentially all of the city’s tax-supported capital needs. <\/p>\n

\u201cVery few cities have AA, much less a AAA rating,\u201d said Steven Adams, managing director of Specialized Public Finance, Inc., the City\u2019s financial advisors. \u201cThis rating can be directly attributed to the quality leadership of the City and the local, diverse economy. Tyler is a regional economic hub and the strength of its two strongest industries, healthcare and education, contributed greatly to the improved bond rating.\u201d <\/p>\n

\u201cI can\u2019t express how satisfying it is to see Tyler\u2019s exemplary financial management and diverse local economy recognized in this way,\u201d said Mayor Barbara Bass. \u201cNot only does the improved rating have significant financial implications for future bond issues, but the rating demonstrates that the financial decisions that the City has made over the last decade were the right things to do.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

TYLER — As part of their annual surveillance of credit ratings, Standard and Poor\u2019s (S&P) announced that they have reaffirmed the City of Tyler\u2019s AAA bond rating. \u201cTo initially receive the AAA bond rating in 2009 was truly a remarkable achievement for our community,\u201d said City Manager Mark McDaniel. \u201cHowever, to have it reaffirmed following … Continue reading Tyler’s AAA Bond Rating Reaffirmed<\/span><\/a><\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[177],"tags":[],"class_list":["post-231020","post","type-post","status-publish","format-standard","hentry","category-local-news-archive-archives"],"publishpress_future_action":{"enabled":false,"date":"2026-07-04 18:10:39","action":"change-status","newStatus":"trash","terms":[],"taxonomy":"category","extraData":[]},"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/231020","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=231020"}],"version-history":[{"count":8,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/231020\/revisions"}],"predecessor-version":[{"id":231188,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=\/wp\/v2\/posts\/231020\/revisions\/231188"}],"wp:attachment":[{"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=231020"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=231020"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktbb.com\/post\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=231020"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}