Monday, November 26, 2012

Fitch Affirms AA Bond Rating for Augusta

AUGUSTA, GA – Augusta, Georgia is pleased to announce that Fitch affirms our AA rating on the consolidated government’s $42.5 million in outstanding general obligation bonds and $20.6 million in outstanding tax-backed debt issued through the Solid Waste Management Authority of Augusta.

“During these uncertain economic times it is a strong testament to the sound fiscal management of our city that Augusta continues to be recognized by Fitch with an AA bond rating,” comments Mayor Copenhaver.  “I have long said that our finance team is one of the best in the business and they deserve tremendous credit for keeping us in such a strong financial position which is the exception and not the norm for municipalities in our current economic climate.”

With lawsuits brought against the City, waste of tax money and tax increases announced some good news is welcoming for taxpayers.

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