82
      Thursday
      93 / 73
      Friday
      94 / 73
      Saturday
      94 / 73

      Credit rating out for Tuscaloosa

      The City of Tuscaloosarecently received Aa1 and AA+ from credit ratings agencies Moody's and Standard and Poor's, respectively.

      Moody's maintains an Aa1Issuer Rating and an Aa1 rating on the city's indebtedness. It notes adiversified tax base including the University of Alabama, solid financialreserves and strong fiscal management and financial policies as Tuscaloosa'sstrengths.

      In its report, S&Pidentified several strengths as reasons for its credit upgrade such as adiverse regional economy, strong financial position and performance and lowdebt levels and limited capital needs.

      Both agencies cited theCity's strong financial position as a foundation for the credit upgrade.

      "Being able to receive suchstrong credit ratings during a recession and in the wake of one of the worstnatural disasters in the history of this country is remarkable," TuscaloosaMayor Walter Maddox said. "I'm proud of the responsible and knowledgeableleaders of this city."

      For the full reports fromS&P and Moody's, please go to http://bit.ly/RBXbUN.{}

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