Honolulu City and County Series 2026A-G GO Bonds Rated 'AA+'; Outlook Stable

S&P Global Ratings assigned its 'AA+' long-term rating to the City and County of Honolulu , Hawaii's series 2026A-G general obligation (GO) bonds, with preliminary par amounts of $89.1 million (series A), $18.6 million (series B), $9.4 million (series C), $1.4 million (series D), $2.0 million (series E), $61.4 million (Series F), and $14.1 million (series G). At the same time, we affirmed our 'AA+' long-term rating on Honolulu's previously issued GO debt. The outlook is stable. DALLAS (S&P Global Ratings) Aug. 3, 2026--S&P Global Ratings today took the rating actions listed above. The stable outlook reflects our view that Honolulu's diversified and stable economy supports the city?s long-term credit quality and that Honolulu will maintain its strong financial position

...The outlook is stable. DALLAS (S&P Global Ratings) Aug. 3, 2026--S&P Global Ratings today took the rating actions listed above. The stable outlook reflects our view that Honolulu's diversified and stable economy supports the city's long-term credit quality and that Honolulu will maintain its strong financial position and management profile. All else remaining equal, we could lower the rating if the city realizes multiple years of budgetary imbalance, leading to materially weaker fund balance and liquidity. We could also lower the rating if we come to believe that operating subsidies for various enterprises, including transit operations, or high fixed costs will pressure Honolulu's ability to maintain structural balance. All else remaining equal, we could raise the rating if the debt and liability burden moderates compared with that of higher-rated peers. We could also consider a higher rating if affordability challenges abate and negative demographic trends reverse course....

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