In a time when numerous countries and financial institutions are being downgraded it is nice to see that some cities in America are getting credit boosts. The credit rating agency Standard & Poors upgraded Harker Heights from a AA- to AA (the highest being AAA+). Credit rating boosts help lower interest rates because the higher the rating, the lower the risk for potential investors. Gary Kimball, a financial-advisor in Austin states that there are several reasons for the upgrade, Heights’s ability to pay its bond payments, as well as the council’s stability and its willingness to pay bond payments by raising the tax or utility rates, if necessary. Other reasons are the improving wealth level of the city’s population and the continuing economic development in Harker Heights.
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