Fitch Ratings Reaffirms Manatee Financial Footing
Business
SRQ DAILY MONDAY BUSINESS EDITION
MONDAY FEB 6, 2017 |
Manatee County Government’s strong financial footing was reaffirmed this week by New York-based Fitch Ratings. Fitch rates Manatee’s long-term issuer default rating as AAA and its non-ad valorem revenue bonds at AA+. Fitch also noted that Manatee’s long term outlook is stable and that the county’s AAA rating reflects a strong revenue framework, solid expenditure flexibility, low long-term liability burden and significant gap-closing ability which provides for exceptional financial resilience through economic cycles. Fitch also noted that Manatee County finances are prudently managed.
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