Category: Finance Department News

Fitch Affirms City’s AAA Debt Rating

Fitch Ratings has affirmed the City’s AAA bond rating. In its press release announcing the rating, Fitch noted the following “key drivers” in its rating decision: • University Provides Stability • Diverse Revenue Stream • Strong Fund Balance • Solid Management With respect to the strong fund balance, the press release stated “Fitch believes the…
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