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Topic: Fitch Ratings Inc.

Fitch Ratings Affirms City of Clarksville’s Issuer Default Rating as ‘AA’

 

City of Clarksville - Clarksville, TNClarksville, TN – A recent report by Fitch Ratings, Inc. has affirmed the City of Clarksville’s Issuer Default Rating (IDR) at ‘AA’ with a stable outlook. The ‘AA’ rating has been reaffirmed on all of the City’s outstanding bonds.  

Fitch used a new formula to determine the IDR rating that has just been released for municipal entities, which recognizes that they are not similar to “for profit” companies.

Clarksville City Hall

Clarksville City Hall

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