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Blount County budget chair announces Fitch upgrade to AAA credit rating
Summary
At a Blount County Budget Committee meeting, the committee chair announced that Fitch Ratings upgraded Blount County to a AAA (triple-A) credit rating, citing reduced debt, healthy fund balances and conservative budgeting.
The Budget Committee chair announced at a Blount County Budget Committee meeting that Fitch Ratings upgraded Blount County to a AAA credit rating, one of four counties of Tennessee's 95 to receive that designation. The chair credited reduced debt, healthy fund balances and ‘‘a persistent pay-as-you-go philosophy’’ for the improvement.
The announcement came during the committee's regular meeting; the…
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