Fitch Affirms Pinellas County, Florida's $102.6MM Revs 'AA+'.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Fitch fitch: see polecat. affirms the 'AA+' rating on Pinellas County's, Florida's (the county) approximately $102.6 million in outstanding capital improvement revenue bonds, series 2000 and 2002. The Rating Outlook is Stable. The rating and Outlook reflect the county's diverse and mostly developed economic base, rapid debt retirement, strong debt service coverage, and sound financial position. The county's unemployment rate is back to its pre-recession level at this April's marker marker /mark·er/ (mahrk´er) something that identifies or that is used to identify. tumor marker of 2.7%, as the county is successfully continuing to attract businesses from the light manufacturing industry. The tourism base is fully recovered from the events of September 11th. All of the county's tax-supported debt will be retired within five years, and the county has no plans of issuing further tax-supported debt in the foreseeable fore·see tr.v. fore·saw , fore·seen , fore·see·ing, fore·sees To see or know beforehand: foresaw the rapid increase in unemployment. future. The county's conservative budgeting and prudent financial management coupled with strong property tax receipts, has resulted in ample financial flexibility as the unreserved general fund balance equals 27.6% of spending as of fiscal 2005. Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
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