San Antonio’s financial position remains strong

Posted by Norma Gonzalez on

San Antonio has had its AAA general obligation bond rating reaffirmed by three major agencies for the eighth year in a row.

San Antonio is the only city with a population of more than 1 million to receive a AAA rating from any of the three major rating agencies, officials said. The rating saves money because the city can pay the lowest interest rates in the market.

City Manager Sheryl Scully said receiving the AAA rating year after year allows the city to work on capital projects without increasing the property tax rate.