Investment Policy / Reports

The Treasury Division is responsible for managing the City’s $2.4 billion investment portfolio in accordance with state law and the City’s investment policy. Fitch has awarded the City’s general investment its highest portfolio rating, AAA. The Treasury Division is also responsible for overseeing a debt program of approximately $13 billion. The City has 15 commercial paper programs totaling $1.675 billion, seven auction-rate security issues, nine series of variable rate demand obligation bonds, SIFMA indexed notes, and two interest rate swaps with a total notional amount of $902 million and credit agreements totaling $ 2.55 billion. The City’s general obligation debt is rated Aa2 by Moody’s; AA by Standard and Poor’s; and AA by Fitch Ratings. In its most recent general obligation ratings report, Moody’s cited the City’s large tax base, demographic trends and above average economic outlook as strengths. Standard and Poor’s affirmed the City’s AA rating on its general obligation debt based on the City’s “sizable, deep, and diverse economic base.”

The links below are .pdf documents

City of Houston Investment Policy:

Quarterly Investment Reports: