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Article: Fitch Affirms Greenville, South Carolina's GOs at 'AA+'; Outlook Stable.
- Article from:
- Economics Week
- Article date:
- November 6, 2009
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In the course of routine surveillance, Fitch Ratings affirms the 'AA+' rating on Greenville, South Carolina's (the city) approximately $13 million in outstanding general obligation (GO) bonds. The Rating Outlook is Stable.
The 'AA+' rating is based on the city's solid financial flexibility, guided by prudent reserve policies; comprehensive capital planning with inclusion in the budget of the operating impact of capital projects; manageable direct debt levels; and the city's role as the commercial and retail center for the economically strong and diverse Greenville area. These credit strengths are balanced by above-average overlapping debt levels and unusually ...