The city of Boerne was recently notified by Fitch Ratings of an upgrade to its credit rating from AA to AA+, reflecting the city’s strong fiscal health and management practices.
The upgrade of the city’s Issuer Default Rating (IDF) to AA+ keeps the city in the “high grade” range and just one step below a top rating of AAA, which is considered “prime.” “One of my primary goals when I came to Boerne in 2020 was to upgrade the city’s credit rating to AAA,” City Manager Ben Thatcher said.
“This is a big step toward that goal, and I couldn’t be prouder of Finance Director Sarah Buckelew and her team, in addition to all the other departments, whose dedication to fiscal excellence made this possible,” Thatcher said.
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