Fitch Ratings upgraded Robinson, Tex.’s outstanding $6.1 million of combination tax and revenue certificates of obligation, Series 1997, 1999, and 2001, to A-minus from BBB-plus. The outlook is stable.
The upgrade reflects the city’s small but growing population and tax base, improved financial position, and limited capital needs, analysts said. Robinson is located along Interstate 35 and serves as a bedroom community for Waco. Although still largely dependent on Waco, the city’s economy has grown to include services associated with interstate travel and shipping.