What's Happening in Lewisville, TX…

Ratings agencies have come up with good news for the City of Lewisville.

Both Standard & Poor's and Fitch have given Lewisville AAA ratings on its sewer and water revenue bond debt, and on its general obligation debt. The AAA is the highest credit rating that either agency gives, and reaffirms the status of Lewisville, which has held this rank since 2013. Flyer printing may be used to share information about issues like this.

Municipal credit ratings are not like personal credit scores, which lenders use to determine how likely it is that a person will repay their debt. Credit ratings given to municipalities instead are a marker of the bond issuer's fiscal health overall. A number of factors were used to determine Lewisville's rating, including:

• A robust economy, aided in part by the city's access to nearby Dallas and Fort Worth
• Sound management, with financial practice and policies described as “Strong”
• Budgetary performance that is also described as strong, and likely to be better than FY 2018
• Budgetary flexibility rated “very strong”
• Adequate contingent liability and debt position
• A strong score on institutional framework.

Lewisville recently sold more than $10m worth of General Obligation Improvement Bonds. The money raised from the bond issue will be used to design and build improvements to sidewalks and streets in the city, and to make other improvements. It will also allow open space, trails, and parks to be developed.