Fitch withdraws city’s rating coverage

by Wally Northway

Published: March 18,2010

Tags: debt rating, Fitch, municipal government, stocks and bond

PEARL — As part of its continuous surveillance efforts, Fitch Ratings withdraws its ‘BBB-’ rating on the city of Pearl, Mississippi’s (the city) $1.355 million in outstanding tax increment limited obligation refunding and improvement bonds (Airport Metroplex Project), series 2002.

Fitch said it made the move “due to lack of ongoing disclosure.”

Fitch said it would no longer provide rating coverage on the city or the outstanding bonds.

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