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KBRA Releases Report Assigning an AA+ Rating to the City of Fort Worth General Purpose Bonds and Tax Notes, Series 2019
[May 22, 2019]

KBRA Releases Report Assigning an AA+ Rating to the City of Fort Worth General Purpose Bonds and Tax Notes, Series 2019


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.


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