TAMARAC – The Metropolis of Tamarac is happy to announce Fitch Scores, an internationally acknowledged credit standing company, has introduced an improve within the Metropolis of Tamarac, Florida’s Issuer Default Ranking (IDR), to ‘AA+’ from ‘AA.’ Moreover, Fitch Scores has upgraded the stormwater income notes, sequence 2009 to ‘AA+ from AA’.
Fitch Ratings reviews that the one-notch improve of the Metropolis’s IDR to ‘AA+’ displays the Metropolis’s continued sturdiness in strengthening Tamarac’s financial base, together with a notable enhance within the Metropolis’s assessed values and improved total income development developments. The improve to ‘AA+’ on the stormwater bond ranking displays Fitch’s latest motion on the Metropolis’s IDR.
The improve within the IDR signifies the Metropolis’s capacity to meet financial obligations, reinforce investor confidence and appeal to potential financial improvement alternatives. It additionally displays positively on the Metropolis of Tamarac’s fiscal resilience within the face of financial challenges.
Fitch’s upgraded ranking strongly validates the efforts made by the City of Tamarac to make sure the Metropolis’s sturdy monetary standing.
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