Menu
Washingtoner
  • Home
  • Business
  • Technology
  • Health
  • Construction
  • Arts
  • Information Technology
  • Transportation
  • Home
Washingtoner

Tacoma: Fitch Ratings Outlook Upgrade Reaffirms City’s Sustainable Fiscal Path
Washingtoner/10267692

Trending...
  • Wealthywet's Miami Swim Week 2025 Debut Signals a New Era of Luxury in Swimwear
  • Emerge Apps Launches Mod Performance Suite: A New Era of Work Comp Selling for Insurance Agents
  • Advanced Solar Space Technology; Record Efficiency of 15.7%; Agreement to Provide NOVI Space with Rollable PV Array Blankets for Space Launch in 2026
~ Tacoma, Washington - Fitch Ratings has recently announced an upgrade in its outlook for the City of Tacoma, from 'AA' to 'AA+'. This upgrade serves as a testament to the city's commitment towards maintaining a sustainable fiscal path. The upgraded rating places Tacoma just one notch below the highest possible rating of 'AAA'.

According to Fitch, this upgrade is a result of their assessment of the city's ongoing financial resilience and responsible management of reserves. This reaffirms their confidence in Tacoma's ability to handle its finances effectively.

Mayor Victoria Woodards expressed her pride in receiving this rating upgrade and credited it to the city's dedication towards enhancing its operating performance. She also assured that the city will continue to make responsible policy decisions to ensure its ongoing fiscal strength.

More on Washingtoner
  • The Somm. Hotel at Harvest to Host Auction of Washington Wines Gala Event
  • DivX Enhances AVI Playback Resources; Simplifies Guide to Playing AVI Files with DivX Software
  • Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
  • Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures
  • AI-Powered Retail Media Platform PulseAd Enters $280B US Market with Seattle Operations

City Manager Elizabeth Pauli also acknowledged the efforts put in by the city staff in implementing sound budgetary controls and oversight. She further stated that they will continue to maintain their solid financial footing, reserves, and adhere to the city's financial policies.

The City of Tacoma's $105.7 million limited tax general obligation (LTGO) bonds ranging from 2009 through 2017 have been upgraded from 'AA' to 'AA+'. Additionally, its $620,000 convention center and parking revenue bonds remain at 'A+'. This further solidifies Fitch's confidence in Tacoma's financial stability.

This rating upgrade serves as a positive sign for the City of Tacoma and reflects its commitment towards responsible financial management. With this upgrade, Tacoma is well on its way towards achieving the highest possible rating of 'AAA'.

Filed Under: Government, City

Show All News | Report Violation

0 Comments
1000 characters max.

Latest on Washingtoner
  • CUNARD'S NEWLY REFRESHED QUEEN ELIZABETH ARRIVES TO SEATTLE FOR THE FIRST TIME IN A SPECIAL SERIES OF VOYAGES TO ALASKA
  • Mauro Schnaidman named as Managing Director in Miami, Florida
  • Continued Streak of Recognitions with Multiple Chambers and Partners Rankings
  • Anern Shines at SOLAR AFRICA Kenya with Solar Lithium Battery Storage Technology
  • Last Call - Submit Your Proposal for the 2025 OpenSSL Conference in Prague
  • Robert Michael & Co. Launches New Real Estate Website to Serve Central Florida Homebuyers and Sellers
  • IFFA 2025 Shines Bright as Mukesh Modi Welcomes Rio Rocket and Award Winner Lulu Lopez
  • Kemeny, Ramp & Renaud Expands Legal Team with Attorney Baruch Kraut
  • Spokane: Mayor Brown Statement on Protest Outside of ICE Office
  • Spokane: DUI Driver Seriously Injures Two People in Two Separate Collisions
  • A Cosmic Banter: William Shatner & Neil deGrasse Tyson Go Wild on The Late Show with Stephen Colbert
  • WOA Entertainment Group Unveils Independent No.1's: Breakthrough Artists II —A Celebration of Indie Excellence
  • SheepFeast Launches "1 Million Discipled" Global Initiative to Empower Disciple-Making Around the World
  • Sun City Resident Realtor Launches Exclusive Weekly Market Update for Bluffton's 55+ Communities!
  • Delta Capital Group, Inc. Earns A+ Rating from the Better Business Bureau, Marking Another Milestone in Explosive Growth
  • Vice President JD Vance & Industry Leaders at Bitcoin Conference After Partnership Signing to Optimize Cybersecurity Solutions: Bullet Blockchain, Inc
  • Actress/Comedian Schelle Purcell Sizzles This Summer with Star-Making Turn in Tyler Perry's #1 Netflix Film, Straw, and Upcoming Comedy Special
  • Braxus Entertainment Group Acquires All Star Events
  • Global Expansion Fueled via Agreement to Take 90% Ownership of Nook Holdings UAE-Based Sports Incubator by Online Lottery & Sports Game Provider
  • Remember Internet Pioneers NetCom Solutions & Network Solutions? Founder Emmit J. McHenry is Now Leading the Emerging Cybersecurity Firm Cycurion
_catLbl0 _catLbl1

Popular on Washingtoner

  • City of Spokane, City of Spokane Valley Sign Interlocal Agreement with Spokane County to Coordinate Homelessness Response - 2297
  • Assent Launches Carbon Border Adjustment Mechanism Solution to Help Manufacturers Meet Regulatory Requirements - 207
  • 150% Increase in Fiscal Q2 Sales vs Previous Year to $750,000; Continuous Record Quarters & Profitability for Homebuilding Product: Innovative Designs - 204
  • Sequentex Achieves OMNIA Partners Approval, Empowering Public Sector and other Agencies with Streamlined Technology Procurement - 203
  • The Great Reset, the First Photorealistic AI Film Makes History at the Cannes Film Festival - 185
  • Perspectives: Jellyfish Publication of an exciting new human clinical trial of proprietary KollaJell™ collagen peptide formulation - 151
  • Deadline Extended: More Time to Submit Your Proposal for the OpenSSL Conference 2025 - 124
  • Juventix Regenerative Medical Announces Strategic Partnership with Juvasonic® to Expand Needle-Free Biologic Delivery Platform - 120
  • Travel Industry Sounds Alarm: Expedia and Leaders Confront U.S. Tourism Concerns - 111
  • Award-winning NJ Author Celebrates New Release and Multi-Author Collaboration - 102

Similar on Washingtoner

  • Spokane: A message from Chief Kevin Hall
  • Innovative EDM Music Project, "Terms of War," Depicts an A.I. Takeover of Earth
  • Spokane: Mayor Brown, Police Chief Hall Ask for Independent Review by the Office of the Police Ombuds
  • Spokane: SPD Seeking Public Assistance in Locating Missing Teens
  • Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
  • Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures
  • Spokane: 2025 Pools
  • United States Congressional Candidate Peter Coe Verbica Unveils 25-Point Federal Plan to Help Make California Affordable Again
  • Spokane: Mayor Brown Statement on Protest Outside of ICE Office
  • Spokane: DUI Driver Seriously Injures Two People in Two Separate Collisions
Copyright © 2025 washingtoner.com | Terms of Service | Privacy Policy | Contact Us | Contribute