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Pflugerville earns bond rating upgrade from Moody’s

Tuesday, August 08, 2017

The latest bump in the bond rating from Moody’s Investors Services is the highest rating ever awarded to the city of Pflugerville.

The rating is now Aa1, which, according to Moody’s report, “reflects elimination of the credit risk of a guaranteed loan and reflects the city’s large, growing tax base, trend of stable financial performance and manageable pension burden.”

“The city of Pflugerville’s rating has gone up from upper medium to high-quality grade, a significant accomplishment and compliment to the city as a reflection of good financial practices and growth,” Pflugerville Finance Director Amy Good said. “A high rating like this one can mean higher demands for our bonds and may result in lower interest rates and favorable bond pricing in future bond issues. This is a great reflection of our financial health and accounting practices.”

The last rating took place when Pflugerville issued bonds in 2016 for the transportation and parks projects approved by the voters in 2014 and 2015. In fiscal year 2017-18, as the city issues more bonds for roadway projects and utility improvements, the improved rating makes Pflugerville’s bonds favorable in the market.

Other factors in an upgrade include a decline in outstanding debt, and healthy and diverse tax base growth. The city said the recent Pflugerville Community Development Corporation loan restructuring along with strong tax base growth likely contributed to the upgrade.

Joe Warner, Community Impact, communityimpact.com, 8/8/2017

Category: Media

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A good time to buy

Home Appreciation in Pflugerville, TX is up 9.4% in the last 12 months.

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Extra Sunshine

Pflugerville has 26 more sunny days per year than the national average. That's almost a month of extra pool parties and BBQ's!

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Excellent Healthcare

With 3 healthcare facilities in town and 7 hospitals within less than 20 miles, Pflugerville's healthcare rivals that of any major metropolitan area.

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With 28 universities and colleges in close proximity to Pflugerville, it's no surprise that nearly 40% of residents hold a Bachelor’s degree or higher.

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A close proximity to Austin and Round Rock provides a wealth of entertainment and recreation opportunities

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Pflugerville has a median household income well above

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That's nearly double the national average.

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