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KBRA Releases Report Assigning an AA+ Rating to the City of Fort Worth General Purpose Bonds and Tax Notes, Series 2019

mercredi 22 mai 2019, 18:02 , par Digital Pro Sound
NEW YORK–(BUSINESS WIRE)–On May 17, 2019, Kroll Bond Rating Agency (KBRA) assigned an AA+ rating
with a Positive Outlook to the City of Fort Worth General Purpose Bonds,
Series 2019 and Tax Notes, Series 2019. KBRA also affirmed the AA+
rating and revised the Outlook to Positive, from Stable, for the General
Purpose Bonds, Series 2018 and Tax Notes, Series 2018. The Positive
Outlook reflects economic strengthening, continued strong financial
performance and the successful implementation of pension reforms. This
rating assignment is based on KBRA’s
U.S. Local General Obligation Rating Methodology.


 


Issuer: City of Fort Worth, TX


Assigned


 


Rating(s)


 


Outlook


General Purpose Bonds, Series 2019


 


AA+


 


Positive


Tax Notes, Series 2019


 


AA+


 


Positive


Affirmed


 


Rating(s)


 


Outlook


General Purpose Bonds, Series 2018


 


AA+


 


Positive


Tax Notes, Series 2018


 


AA+


 


Positive




 




 




To read the report, click here.


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About KBRA and KBRA Europe


KBRA is a full-service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus. KBRA is also recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.


Contacts

Analytical:Patricia McGuigan,
Director(646) 731-3350pmcguigan@kbra.com


Justin Schneider, Senior Analyst(646) 731-2453jschneider@kbra.com


William Cox, Senior Managing Director(646) 731-2472wcox@kbra.com
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