Fitch Ratings
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- Latest action
· City Council Work Session
Result: Informal Report - no vote · Amount: $1.5B
- Money
$1.5B in total financial activity across agenda items that mention this organization.
Largest single item: $1.5B on (2026 Debt Plan - Bond Sale Results - Alex Laufer, Financial Management Services Assistant Director and Brit Stock, Debt Manager)
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Activity Timeline
September 2026
Reports final pricing results and credit rating outcomes for the City's 2026 Debt Plan bond issuances, including GO debt, Water and Sewer revenue bonds, and Convention Center Venue Project bonds. The Water and Sewer System was upgraded to AAA by S&P and GO debt to AA+ by Fitch.
…s met with credit rating agencies Moody’s Investors Service, Inc. (Moody’s) and Fitch Ratings Inc. (Fitch) to obtain credit ratings on the City’s planned bond issuances. We…
August 2026
Fitch upgraded the City’s issuer and limited tax bond ratings to AA+, while Moody’s revised its outlook to Positive, citing economic growth, financial management, and improving pension funding.
City credit ratings strengthened by Fitch upgrade, Moody’s outlook