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The original item was published from 5/19/2016 2:14:47 PM to 6/8/2016 12:00:08 AM.

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City of Fitchburg

Posted on: May 19, 2016

[ARCHIVED] Moody's Affirms Fitchburg's Aa1 Credit Rating

Moody's Investor Services has assigned an Aa1 rating to Fitchburg's $4.5 million General Obligation (GO) Promissory Notes, Series 2016A and $5.2 million GO Fire Station Bonds, Series 2016B. Moody's maintains the Aa1 rating on the city's outstanding GO debt, which totals $49.9 million post-sale.

The Aa1 rating reflects the city's moderately-sized tax base, which benefits from its location adjacent to the state capital of Madison. The rating also reflects Fitchburg's above average demographic profile, strong financial operations characterized by healthy reserves, and a manageable debt and pension burden.

To read the full credit opinion, see the link below.

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