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Notification of Fitch Ratings Review Concerning Water and Sewer Revenue System and Water and Sewer Bonds
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BRIEF OVERVIEW
Fitch Ratings reviewed Hernando County's Water and Sewer Revenue Bonds and upgraded the rating from 'AA+' to 'AAA' with a 'Stable Outlook'. The upgrade of the bond rating to 'AAA' from 'AA+' reflects the system's sustained declining leverage, in conjunction with expectations that leverage remains exceptionally low in upcoming years. Attached is the final report.
FINANCIAL IMPACT
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LEGAL NOTE
recommendation
RECOMMENDATION
For informational purposes only, no action is required.