S&P Global Ratings has raised its long-term credit rating for the City of Navasota’s existing general obligation (GO) debt and certificates of obligation (COs) to ‘A+’ from ‘A’, marking the first upgrade in over 15 years. This milestone reflects the city’s stable financial profile, growing local economy, and healthy reserve position.
A municipal credit rating functions much like a personal credit score. A higher rating indicates stronger financial health, leading to lower borrowing costs and expanded credit limits. For Navasota, this upgrade comes at a pivotal time, as the city continues to experience growth and looks to fund essential projects that enhance infrastructure, public safety, and quality of life for residents.
“This credit rating upgrade is a testament to the sound financial management by our City Council and departments,” said Jason Weeks, City Manager. “As Navasota grows, this improved rating strengthens our ability to fund projects that will move our community forward.”
The improved rating also removes Navasota from S&P’s “Under Criteria Observation” status, reaffirming the city’s financial stability and its commitment to fiscal responsibility.
For more information, please contact the City of Navasota at (936) 825-6475 or visit https://www.navasotatx.gov./