austintexas-gov/bond-ratings-ewqz-mrzs

  • "bond ratings"
  • "credit quality"
  • debt

Bond Ratings

Bond Ratings

Austin Energy has consistently maintained high bond ratings. A bond rating is a measure of a company’s credit quality, which includes the ability to repay its debt in a timely fashion. In 2016, two bond rating agencies upgraded their assessments of Austin Energy's creditworthiness, allowing the City of Austin-owned utility to reach a key financial goal of a AA credit rating. Standard & Poor's rated the $1.3 billion utility's bonds at AA Stable, up from AA- Stable. The rating service cited "the electric system's very strong financial performance trend as evidenced by its ability to maintain stronger fixed-charge coverage and total available liquidity levels.

Columns

NameSocrata field nameColumn name in sgr mountData typeDescription
Description of Debtdescription_of_debtdescription_of_debtText
Fiscal Year Endedfiscal_year_endedfiscal_year_endedNumber
Moody's Investors Service, Inc.moody_s_investors_service_incmoody_s_investors_service_incText
Standard and Poor'sstandard_and_poor_sstandard_and_poor_sText
Fitch, Inc.fitch_incfitch_incText

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