Irving’s AAA ratings have been reaffirmed by Moody’s Investor Services and Standards and Poor’s for general obligation bonds and AA ratings for water and sewer bonds.
A large tax base, strong financial management policies, formal investment and reserve policies, strong generalfund reserves and a conservative debt profile contributed to the AAA ratings.
The bond ratings allow Irving to receive the lowest possible interest rates when selling bonds for capital improvement projects.
What does AAA rating mean? It means that the credit risk is almost zero. AA rating means that it is a safe investment with low risk of failure.
