McAllen EDC assigned highest credit rating
Tue, 2016-07-12 20:58
News Staff
MCALLEN – There are more positive economic indicators for the City of McAllen. City leaders were just notified that the McAllen Economic Development Corporation received an ‘AAA’ credit rating assigned by Standard and Poor’s Global Ratings for the sales tax revenue bonds dated July 1, 2016. The bond will be used for initial payment of the parking garage at La Plaza Mall. That is the highest possible credit rating a city can receive. “This is a strong signal that the project is well planned and well financed,” said City Manager Roel “Roy” Rodriguez, P.E.