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Article: Fitch Upgrades Westerville, Ohio's GO Bonds to 'AAA'
- Article from:
- Wireless News
- Article date:
- August 4, 2009
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Wireless News
08-04-2009
Fitch Upgrades Westerville, Ohio's GO Bonds to 'AAA'
Type: News
In the course of routine surveillance, Fitch Ratings upgraded its ratings on Westerville, Ohio's (the city) approximately $5.5 million in outstanding general obligation (GO) limited tax, series 1998, 1999, 2003A and 2004 and $2.1 million in outstanding general obligation unlimited tax bonds, series 2003B, to 'AAA' from 'AA+'.
The Rating Outlook is revised to Stable from Positive.
The rating upgrade to 'AAA' reflects the city's sound financial management practices and positive operating results, which have contributed to exceptional reserve levels and significant financial flexibility. Also factored ...