HENDERSON, Nev. (Dec. 5, 2023) – The City of Henderson proudly announces the reaffirmation of its AA+ bond rating from Standard and Poor’s Global (S&P Global), the world's leading index provider and source of independent credit ratings. 

The S&P credited Henderson’s growing and diversifying economy, strong pace of residential and commercial development and strong financial reserves bolstered by experienced management as strengths that led to the AA+ rating.

“The reaffirmation of our AA+ bond rating is a tremendous accomplishment in today’s economy,” said Henderson City Manager and CEO Richard Derrick. “We are committed to being fiscally responsible stewards for our premier City and its residents and will remain diligent in maintaining our strong financial standing.”

The report names several factors that contributed to Henderson’s AA+ bond rating, including a very strong economy that continues to diversify and miminize the City’s exposure to tourism and gaming industries. The City’s economic diversfication and business recruitment efforts have resulted in such projects as the Google data center, Haas Automation manufacturing facility, the Raiders Headquarters and Practice Facility, Amazon fulfillment center and The Dollar Loan Center. 

Other contributing factors noted in the report are:

• Very strong management, with robust financial policies, long-term planning, budget monitoring, multi-year forecasting, and a minimum reserve policy of 16.6% for the City’s general fund. 
• Conservative fiscal framework that supports the City’s strong financial profile and robust reserves through fiscal restraint and expanding operating revenues. 
• Relatively low debt service costs with a managable debt burden.
• Expectation that continued economic diversification and ongoing development will trend positively and increase the City’s core revenues. 

For more information about the City of Henderson’s S&P Global rating, visit cityofhenderson.com.