City Receives Fitch Rating

Written by Larry Crippen. Posted in Local News, News

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City Receives Fitch Rating

Published on June 16, 2014 by Larry Crippen

The City of Huntsville received an official notice from Fitch Ratings this week affirming its “AA” investment grade rating – a high quality indicator only two grades below the highest possible rate.

According to the document, the City’s rating outlook is considered “Stable,” a designation based on several key rating drivers including a strong financial profile, economic indicators and sales tax trends.

Director of Finance Steve Ritter said, “The affirmation we received from Fitch Ratings is very positive.” He said, “The report acknowledges our strong financial management practices, including maintenance of high reserve levels, stable employment growth, and a commendable financial profile with positive operating margins and ample liquidity.”

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