Tag Archives: Mayor Madeline Rogero

City bond ratings — boring but important

Fitch Ratings recently affirmed its top bond rating of “AAA” for the city of Knoxville, the city said in a statement released Tuesday.

The news release also noted that Moody’s Investors Services and Standard & Poor’s Ratings Services had recently affirmed high bond ratings for the city — “Aa1” with a stable outlook from Moody’s and AA+ from Standard & Poor’s.

Fitch cited the city’s “sound and established economic underpinning, high and consistent reserves, and affordable debt burden,” according to the news release.

Bond ratings usually aren’t stories local governments spend a lot of time promoting. But they are important — even if they are dry as cardboard.

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