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Longview maintains AA rating from Fitch

Longview maintains AA rating from Fitch
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Monday, June 27, 2011 - 3:12pm

The City of Longview’s financial stability was recognized this week when Fitch Ratings again rated the City’s general obligation at AA. The rating notes that the City of Longview has a “diverse economic base” and “well-maintained financial operations characterized by healthy reserve balances and strong liquidity.”

According to City Manager David Willard, “This rating reaffirms the financial health of the organization. These ratings are especially important in light of the streets bond that was recently passed in May 2011.”

City of Longview voters passed a $52.6 million bond package for streets improvements in May 2011. The City expects to issue a portion of the bond debt within the next few months. Design work has already started on the projects, and construction is expected to begin in early 2012.

For additional information regarding the City of Longview, please visit LongviewTexas.gov.
 

From: City of Longview

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