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“Fitch reduces bond rating for Tacoma”

The Pierce County Business Examiner reports:
“Fitch Ratings downgrade the City of Tacomas $23.5 million unlimited tax general obligation from “AA” to “A+” and the $188.2 million general obligation bonds from “AA-” to “A.” Fitch credited the city for having continued to cover the $28.1 million convention center and parking revenue bonds by reaffirming the A+ rating.”
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Editor’s Note:
Remember last February when Yelm Mayor Ron Harding crowed at his State of the City Address about Yelm’s rating of “A” on the city’s library bonds, which now have an added $1 million to cover the cost of a community center?
HMMM…
Now, Tacoma is having to deal with their ratings downgrade for their unlimited tax general obligation” to “A+”, which is higher than Yelm’s “A.”

Posted by Steve on July 10, 2012 at 7:31 am | Permalink

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