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Treasury Division

Credit Ratings

Credit rating agencies assess the relative credit risk of specific debt securities or structured finance instruments and borrowing entities (issuers of debt),[51] and in some cases the creditworthiness of governments and their securities. A municipal security's credit rating is the grade a rating agency assigns to indicate the risk of default and, in some cases, takes into consideration the potential loss to investors in the event of default. (source: https://en.wikipedia.org/wiki/Credit Ratings)

Credit Ratings Graphic

Updated November 2022

Treasury Division Links


  • Disclaimer Report
  • Why Purchase Muni Bonds (.pdf)
  • Municipal Advisory Rule Exemption Statement (.pdf)
  • 2022 Houston Investor Conference Presentations
  • Debt Transparency Report (.pdf)
  • Investment Reports
  • Trends Report
  • Commercial Paper and Debt Summary (.pdf)
  • Current Month OS Debt Report (.pdf)
  • Tombstones 2021 and 2022 (.pdf)
  • Tombstones 2019 and 2020 (.pdf)
  • Tombstones 2019 (.pdf)
  • Tombstones 2004 to 2016 (.pdf)
  • Treasury Division Home Page
Credit Rating Agencies
  • Credit Ratings
Local Economy
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National Economy
  • National Economy

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City of Houston Controller's Office | 901 Bagby Street, 8th Floor | Houston, TX 77002 | Phone: 832.393.3460