S&P Revises Houston Credit Rating Outlook to Stable, Citing Financial Progress

OUSTON, Texas — S&P Global Ratings has revised the City of Houston’s credit rating outlook from negative to stable, assigning the city an AA Stable outlook, city officials announced following the ratings agency’s June 25 decision.

Houston Mayor John Whitmire said the improved outlook reflects the city’s efforts to strengthen its financial position and improve fiscal management.

“The decision by S&P Global Ratings to revise Houston’s outlook from negative to stable is an indication that Houston is meeting its challenges and moving in the right direction,” Whitmire said.

The mayor said that since taking office, his administration has focused on eliminating waste, fraud, and corruption, strengthening the city’s finances, and restoring confidence in City Hall.

Whitmire credited the recently approved Fiscal Year 2027 budget and the city’s ongoing financial management for helping achieve the improved outlook.

“Today’s announcement shows that the FY 2027 budget recently approved by the City Council and the work my administration does every day are making a difference,” Whitmire said. “While we have more work ahead, this change demonstrates that the difficult decisions we have made are producing results and strengthening Houston’s financial foundation.”

According to Whitmire, the revised outlook sends a positive signal to residents, businesses, and investors that Houston is committed to responsible financial management and long-term planning.

“At a time when major cities across the country face significant challenges, Houston is recognized for addressing problems head-on instead of kicking them down the road,” Whitmire said. “A stable outlook sends a positive message to residents, businesses, and investors that Houston is serious about managing its finances and planning for the future.”

The mayor concluded by emphasizing Houston’s continued economic strength.

“Houston is a strong city, and we are getting stronger every day. Houston remains a great place to live, work, and do business. Let’s keep working.”