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Article: Fitch Rates Charlotte, North Carolina's GOs 'AAA'.
- Article from:
- Business Wire
- Article date:
- October 15, 2009
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TAMPA, Fla. -- Fitch Ratings assigns an 'AAA' rating to the City of Charlotte, North Carolina's (the city) $20 million taxable general obligation (GO) housing bonds, series 2009A. The bonds are scheduled to price competitively on Oct. 20, 2009. In addition, Fitch affirms all outstanding GO bonds. The Rating Outlook is Stable.
The 'AAA' GO rating reflects the city's broad, diverse economy with excellent long-term prospects for continued expansion in spite of some near-term weakening in employment and jobless statistics, above-average wealth levels, and excellent financial management. The city's strong financial policies ensure ample operating flexibility and ...