Austin Energy has consistently maintained high bond ratings. A bond rating is a measure of a company’s credit quality, which includes the ability to repay its debt in a timely fashion. In 2016, two bond rating agencies upgraded their assessments of Austin Energy's creditworthiness, allowing the City of Austin-owned utility to reach a key financial goal of a AA credit rating. Standard & Poor's rated the $1.3 billion utility's bonds at AA Stable, up from AA- Stable. The rating service cited "the electric system's very strong financial performance trend as evidenced by its ability to maintain stronger fixed-charge coverage and total available liquidity levels.
