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Mayor: Blount County earns AAA credit rating from Fitch after years of debt reduction
Summary
The Blount County mayor announced at the July workshop that Fitch assigned the county a top credit rating (AAA), citing reduced debt, a stable fund balance and conservative fiscal management; the mayor credited county staff and recent investments in schools and employees.
Blount County’s mayor told commissioners at a July workshop that Fitch assigned the county a top credit rating, which the mayor characterized as an “AAA” rating, and credited years of fiscal management and debt reduction.
The mayor said county leaders had reduced outstanding debt from “almost a quarter of a billion dollars” to about $80 million and maintained a stable fund balance and debt service position. He credited the…
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