Fitch Ratings takes the following rating action on Iredell County, North Carolina (the county) as part of its continuous surveillance effort:’
–Approximately $43.1 million in outstanding general obligation (GO) bonds affirmed at ‘AA+’.
Fitch also takes the following rating action on debt issued through the Iredell County Public Facilities Corporation (the corporation).
–Approximately $24 million in outstanding certificates of participation affirmed at ‘AA’;
–Approximately $21.8 million in outstanding installment payment revenue bonds affirmed at ‘AA’.
The Rating Outlook is Stable.
RATING RATIONALE.
–The county’s well-run financial operations continue to generate strong reserves and a large degree of fiscal flexibility.
–The wider county economy continues to
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