The City remains committed to openness and transparency in all aspects of our financial stewardship. As part of this commitment, we want to share that Fitch Ratings has adjusted the City’s Issuer Default Rating (IDR) and Sales Tax Bonds to “AA-”.
While this change reflects current economic challenges, it also provides a clear opportunity for us to strengthen our financial strategies and reinforce the long-term stability of our community.
To learn more about this topic and the factors behind the rating decision, please follow the link below for additional details.
City of Rocky Mount
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