Trending...
- Spokane: Indian Canyon Golf Course Opens Thursday, March 12, 2026
- Independent Financial Agencies Upgrade City of Tacoma's Bond Ratings Amid Broader Economic Uncertainty
- The Media Should Protect the Public When It Comes to Boeing — But Does It?
~ 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
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'.
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
- Grads aren't getting hired — here's what we're doing about it
- Spokane: Man Arrested for Fleeing Police and Colliding With a Patrol Vehicle
- Tacoma: Asphalt Repairs on Ruston Way to Cause Single-Lane Traffic and Delays on Saturday, March 21
- K2 Integrity Enhances Technology Capabilities Through Acquisition of Leviathan Security Group
- #WeAreGreekWarriors Comes to Detroit in Celebration of Women's History Month
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'.
0 Comments
Latest on Washingtoner
- CCHR: CIA Mind-Control Files Raise Urgent Questions as Millions Take Psychotropic Drugs
- NRx Pharmaceuticals Launches Breakthrough One-Day Treatment Clinic in Florida as FDA Pathway and Clinical Data Strengthen Growth Outlook; $NRXP
- Revenue Optics Launches Talent Infrastructure Platform for SaaS Revenue Hiring and Appoints Sabz Kaur to Lead Growth
- Building a Multi-Domain Autonomous Systems Platform at the Intersection of AI, Defense and Infrastructure: VisionWave Holdings (N A S D A Q: VWAV)
- Bent Danholm Named "Top Luxury Real Estate Leader" in Modern Luxury Miami
- Window Sticker Lookup By VIN Launches Free Direct OEM Monroney Label Lookups
- Author Ken Mora to Celebrate New Caravaggio Book Debut with Special Event at Palazzo Venezia Naples
- Matthew Sisneros Releases Raw and Unfiltered Memoir: The Devil Lost Another One — A Powerful Story of Crime, Consequence, and Redemption
- From Life to Light: Jess L. Martinez Shares a Soulful Poetry Collection That Explores What It Means to Be Human
- Lawsuit Filed Against Boeing Over Defective Seat Switch on Boeing 787
- Quadcode Acquires Significant Stake in Game 7, LLC - The Parent Company for FPFX Tech and PropAccount.com
- Danholm Collection Announces Sale of 16689 Broadwater Ave in Winter Garden, Highlighting Strong Performance in Twinwaters Community
- Strong Clinical Results for Breakthrough Liver Diagnostic Platform; ENDRA Life Sciences (N A S D A Q: NDRA) $NDRA
- 46th International Symposium On Forecasting – Dates, Venue And Speakers Announced
- Phoenix Rebellion Therapy Celebrates 10 Years Helping Utahns Overcome Trauma as Utah Faces Nation's 2nd-Highest Rate of Mental Health Challenges
- Bonavita Luxury & Portable Lavatories Announces Rebrand to Bonavita Site Solutions
- Raleigh Emerges as a Key Player in Sustainable Fashion Innovation for 2026
- Notice: Hrm Queen Laurence I Assumes Crown Control & $317q Fund. 3bn Unopoly Shares Settled. Requisition Of Buckingham Palace & Windsor Castle Final
- 13 Full Moons of Black Dandelion Convergent Voice™ An Integration of Literacy & Wellness Symposium
- Yoga Retreats, Ecstatic Dance & Spiritual App launched