09/29/2026
S&P Global Ratings has reaffirmed the City of Germantown’s AAA issuer credit rating, the highest possible rating in municipal finance. S&P also assigned its AAA rating to Germantown’s upcoming $12.34 million General Obligation Improvement Bonds and $10.93 million General Obligation Refunding Bonds.
Germantown has maintained S&P’s top rating since 1994, placing the City among an elite group of municipalities nationwide with this level of long-term credit strength.
S&P’s latest analysis recognizes Germantown’s strong financial position, robust local economy, conservative budgeting and strategic long-term planning. The agency also highlighted the City’s strong management team and ability to maintain balanced operations while adapting to changing priorities.
The upcoming bonds will support $10 million in improvements at Houston High School and $3.5 million in improvements to the Germantown Athletic Club’s indoor pool.
Maintaining a AAA rating also helps the City access favorable borrowing costs, allowing Germantown to make important capital investments while protecting taxpayer resources.
More than 30 years of AAA-rated financial stewardship. And the work continues.