NEW YORK–(BUSINESS WIRE)–On May 17, 2019, Kroll Bond Rating Agency (KBRA) assigned an AA+ rating
with a Positive Outlook to the City of Fort Worth General Purpose Bonds,
Series 2019 and Tax Notes, Series 2019. KBRA also affirmed the AA+
rating and revised the Outlook to Positive, from Stable, for the General
Purpose Bonds, Series 2018 and Tax Notes, Series 2018. The Positive
Outlook reflects economic strengthening, continued strong financial
performance and the successful implementation of pension reforms. This
rating assignment is based on KBRA’s
U.S. Local General Obligation Rating Methodology.
| Issuer: City of Fort Worth, TX | ||||
| Assigned | Rating(s) | Outlook | ||
| General Purpose Bonds, Series 2019 | AA+ | Positive | ||
| Tax Notes, Series 2019 | AA+ | Positive | ||
| Affirmed | Rating(s) | Outlook | ||
| General Purpose Bonds, Series 2018 | AA+ | Positive | ||
| Tax Notes, Series 2018 | AA+ | Positive | ||
To read the report, click here.
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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S.
Securities and Exchange Commission as an NRSRO. In addition, KBRA is
designated as a designated rating organization by the Ontario Securities
Commission for issuers of asset-backed securities to file a short form
prospectus or shelf prospectus. KBRA is also recognized by the National
Association of Insurance Commissioners as a Credit Rating Provider and
is a certified Credit Rating Agency (CRA) by the European Securities and
Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is
registered with ESMA as a CRA.
Contacts
Analytical:
Patricia McGuigan,
Director
(646) 731-3350
pmcguigan@kbra.com
Justin Schneider, Senior Analyst
(646) 731-2453
jschneider@kbra.com
William Cox, Senior Managing Director
(646) 731-2472
wcox@kbra.com
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