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Pima County bonds achieve highest-possible credit rating

PIMA COUNTY, ARIZONA — Fitch Ratings, a national bond ratings company this week raised Pima County’s General Obligation bond ratings from AA to AAA, its highest mark. This is the first time Pima County has had AAA ratings on its bond debt and reflects an exceptional degree of creditworthiness. The AAA ratings from Fitch now […]

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Moody’s downgrades to A2 rating on Rio Nuevo Multipurpose Facilities District (City of Tucson) AZ’s subordinate lien excise tax revenue bonds

TUCSON  – Last Thursday, Moody’s Investors Service downgraded to A2 from A1 the rating on Rio Nuevo Multipurpose Facilities District (City of Tucson), Arizona’s subordinate lien excise tax revenue bonds. The downgrade affects $64.7 million in outstanding bonds. The bonds are secured by a subordinate lien pledge on the district’s incremental state sales tax revenues.

Moody’s downgrades to A2 rating on Rio Nuevo Multipurpose Facilities District (City of Tucson) AZ’s subordinate lien excise tax revenue bonds Read More »

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