Published on June 16, 2025
The Standard and Poor Global (S&P) gave the City of Merriam the desired “AAA” credit rating. It’s S&P’s highest rating assigned and should translate to lower interest costs for the City when it issues bonds to help fund the new Merriam Grand Station Marketplace project.
Bond ratings are one of the primary tools investors use when purchasing bonds. The S&P rating implies the City’s credit risk is very low and can meet financial commitments. The “AAA” rating will end up saving Merriam taxpayers thousands of dollars.
Merriam City leaders provided S&P analysts with information about the bond issue for the Grand Station Marketplace project, which includes a grocery store, restaurants, and apartments. They answered numerous questions about the City’s local economy, finances, and policies.
“We’re excited to receive the ‘AAA’ bond rating for a second time,” City Administrator Chris Engel said. “It confirms we are financially healthy with great financial management and can pay debts. It’s a true testament that we responsibly manage our taxpayers’ money.”
This is the second time Merriam has received the desired “AAA” rating. The City received an “AAA” credit rating when it last issued bonds in 2018 for the Merriam Community Center.
View Merriam's complete S&P ratings report.(PDF, 137KB)