S&P raises Navajo Nation credit rating to A+
By Krista Allen
Navajo Times
TÓNANEESDIZÍ – S&P Global Ratings has raised the Navajo Nation’s issuer credit rating to A+ from A, citing improved debt metrics and ongoing sound financial performance, according to a report released Feb. 19.
The agency also raised its long-term rating on the Nation’s series 2015A general obligation refunding bonds to A+ from A. The outlook is stable.
S&P reported that the upgrade is based on improved debt metrics and continued stable financial results. Analysts wrote that the Nation’s revenues are expected to remain sufficient to support operations and that financial flexibility is likely to continue through its permanent fund, though the fund is not pledged to the 2015 bonds. S&P also reported carrying charges are expected to remain low.
Credit ratings measure a government’s ability to meet its financial obligations. A higher rating can reduce borrowing costs by signaling to investors that debt payments are likely to be made on time.
Controller Sean McCabe said the upgrade reflects the Nation’s financial position and could make borrowing easier and less expensive when the Nation finances projects.
To read the full article, please see the Feb. 26, 2026, edition of the Navajo Times.
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