Moody's Investors Service said it has upgraded Piney Point Village, Texas's rating to Aa1 from Aa2.
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The Aa1 rating applies to $4.3 million in outstanding Moody's-rated debt.
Rating also considers $3.9 million in outstanding parity debt not rated by Moody's.
The Aa1 rating reflects the city's moderately sized, expanding tax base with strong socioeconomic indicators, and stable financial operations.
The rating further considers and a below average debt burden with rapid principal amortization.
