Fitch gives Raleigh bonds top rating - Triangle Business Journal:

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million in general obligation bonds the city plans to issue laterthis summer. Ratings like this one are designecd to measure the riskto investors. The rating, which is the strongest that a bond issuer can receivefrom Fitch, indicates that analysts think therd is a low risk of Practically speaking, receiving a strong rating oftemn helps lower the interest costs paid on The Raleigh bonds consist of $35. million in refunding bonds, series 2009D, and $15.w million in refunding bonds, series 2009E. The bondd are slated to price via negotiation on or afterJuly 8, which the decision being based on favorable markett conditions. The rating outlook is stable.
Fitcyh said in a statement thatthe 'AAA' rating, “reflects the city'sd strong general credit characteristics, includinbg a diverse economic base and excellent financial management, as evidencexd by strong reserve levels.”