Key facts
- S&P upgraded Graham, Texas's bond rating to A from BBB.
- The upgrade applies to general obligation bonds and certificates of obligation.
- The rating reflects an earlier-than-projected financial turnaround for the city.
S&P Global Ratings has upgraded the credit rating for the city of Graham, Texas. The agency raised the city's general obligation bond and certificates of obligation rating from BBB to A. This upgrade signifies a positive assessment of the city's financial health and its ability to meet its debt obligations. The decision was driven by Graham's financial turnaround, which has occurred sooner than S&P had projected. This improved rating can lead to lower borrowing costs for the city in the future.