Chester County Bonds-For-Sale Get A Top Rating
WEST CHESTER PA – More than $51 million worth of general obligation notes and bonds that Chester County PA government officials hope to sell this week (Nov. 14-18, 2011) to raise capital received a “AAA” rating Wednesday (Nov. 9) from Fitch Ratings.
Fitch claimed the county “continues to maintain solid financial operations and, through conservative budgeting practices, has retained … above-average reserve levels.” It also said the county’s “future capital needs are manageable and overall debt levels are expected to remain moderate.”
Fitch also disclosed its rating was solicited by or on behalf of the county, and the company was compensated as a result.
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