Fitch Ratings, the New York-based credit rating agency, announced Thursday, March 28, the City of Pensacola’s investment rating outlook is stable for Revenue Bonds and Issue Default Rating (IDR).
The City of Pensacola’s $41,230,000 redevelopment revenue bonds, series 2009A and series 2009B (federally taxable Build America Bonds) earned an “AA” rating. The IDR earned “AA+” rating.
Fitch Ratings publishes ratings and opinions relating to financial or operational strength to gauge an entity’s ability to meet financial commitments. “AA” is considered a long-term high investment grade.
You can read the report in its entirety by visiting our website cityofpensacola.com.