Houston, TX ~ Houston, TX - In a positive turn of events for the City of Houston, S&P Global Ratings has announced an improved credit rating outlook from negative to AA Stable. This decision comes as a result of the city's efforts to address its challenges and move in the right direction.

Mayor John Whitmire expressed his gratitude for the revised outlook, stating that it is a clear indication that Houston is making progress. He credited his administration's focus on good government, eliminating waste, fraud, and corruption, and strengthening the city's finances for this achievement. Upon taking office, Mayor Whitmire had promised to restore confidence in City Hall and today's announcement is a testament to the fulfillment of that promise.

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The recently approved FY 2027 budget by the City Council and the daily efforts of Mayor Whitmire's administration have played a significant role in this improvement. While acknowledging that there is still more work to be done, Mayor Whitmire emphasized that this change demonstrates the positive impact of the difficult decisions made by his administration in strengthening Houston's financial foundation.

In a time when many major cities are facing significant challenges, Houston stands out for its proactive approach in addressing problems instead of deferring them. The stable outlook sends a positive message to residents, businesses, and investors that Houston is committed to managing its finances and planning for the future.

Mayor Whitmire concluded by reaffirming his belief in Houston as a strong city that continues to grow stronger every day. He urged everyone to keep working towards making Houston an even better place to live, work, and do business. With this improved credit rating outlook, it is evident that Houston remains a great city with a bright future ahead.

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