Mayor Whitmire: Outlook Improvement Reflects Houston's Fiscal Progress

Mayor Whitmire: Outlook Improvement Reflects Houston's Fiscal Progress

Houston, TX - June 25, 2026 - Today, S&P Global Ratings announced it has improved the City of Houston's credit rating outlook from negative to AA Stable.

Please attribute the following statement to Mayor John Whitmire.

"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. When I took office, I promised to focus on good government, eliminate waste, fraud, and corruption, strengthen the city's finances, and restore confidence in City Hall.

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. 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.

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. 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.

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."