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A.G. GancarskiSeptember 14, 2018

This week, Jacksonville celebrated a milestone in its history of bond ratings: its first standalone AAA rating. Meanwhile, its local utility suffered a setback. On Monday, CFO Mike Weinstein emailed that the city “received notification that Fitch Ratings has upgraded to ‘AAA’ from ‘AA’ the City’s excise tax revenue bonds.” “Our records show this […]

A.G. GancarskiOctober 3, 2016

The office of Jacksonville Mayor Lenny Curry issued a press release Monday afternoon noting positive trends between the city and bond ratings agencies. “In announcing numerous credit upgrades since Mayor Curry took office, Fitch and S&P acknowledged ‘prudent management,’ while Moody’s applauded the city’s ‘strong management with good financial policies and practices.’ However, even in the […]

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Jacksonville celebrates bond rating milestone, as JEA credit trends south

Financial sector upgrades Jacksonville for fiscal management, pension reform