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​Fitch Affirms County GO Bond Ratings at ‘AAA’; Outlook Stable

6/27/2016

Mecklenburg CountyFitch Ratings released the following bond ratings for Mecklenburg County government on June 24.


  • $1.0 billion general obligation bonds at “AAA”
  • $105.7 million variable rate Windows bonds at “AAA/F1+”
  • $339.7 million certificates of participation and limited obligation bonds at “AA+”
 
“This is the highest possible rating any local government can receive,” said Mecklenburg County Manager Dena R. Diorio. “ It’s a reflection of Mecklenburg County’s sound financial and budget management, conservative debt repayment structure and stable local economy.”
 
This is the County’s first review under the revised Fitch criteria which included four key factor assessments and scenario analysis. 

Fitch also affirmed the County’s long-term Issuer Default Rating at “AAA” and the ratings outlook as stable.  

The County will be rated by all three rating agencies in conjunction with a planned bond sale in early fall.  ​