Press Release - 6/13/2014 - Fitch AA rating 6/13/2014 City of Huntsville,Texas Mail-City receives"AX investment grade from Fitch Ratings-press release
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City receives "AA" investment grade from Fitch Ratings - press release
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Kristin Edwards<kedwards@huntsvilletx.gov> Fri, Jun 13, 2014 at 12:00 PM
Bcc: Sandra Cuevas <SCuevas@huntsvilletx.gov>, Linda Dodson <LDodson@huntsvilletx.gov>, Marcy Metz
<MMetz@huntsvilletx.gov>, Mark Moore <MMoore@huntsvilletx.gov>, Kim Kembro <KKembro@huntsvilletx.gov>,
Debra Jones <DJones@huntsvilletx.gov>, Esther Herklotz <eherklotz@huntsvilletx.gov>, Rose Kader
<RKader@huntsvilletx.gov>, Denise Tilson <DTilson@huntsvilletx.gov>, Jacque Finch <JFinch@huntsvilletx.gov>,
Sherry McKibben <SMcKibben@huntsvilletx.gov>, Deven Merchant <deven@huntsvilletx.gov>, Richard Lane
<RLane@huntsvilletx.gov>, Ben Gibbs <BGibbs@huntsvilletx.gov>, John Waldo <JWaldo@huntsvilletx.gov>, Sandi
Lawson <SLawson@huntsvilletx.gov>, Tammy Gann <TGann@huntsvilletx.gov>, Jesse Ferguson
<JFerguson2@huntsvilletx.gov>, Jessie Mathis <JMathis@huntsvilletx.gov>, Carol Reed <CReed@huntsvilletx.gov>,
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<SRitter@huntsvilletx.gov>, Laurie O'Brien <LOBrien@huntsvilletx.gov>, Lindsey Owings
<LOwings@huntsvilletx.gov>, "Leonard V. Schneider" <Ischneider@lilesparker.com>, Kristin Sion
<KSion@huntsvilletx.gov>, Jessica Rodiguez <JRodiguez@huntsvilletx.gov>, Kimm Thomas
<KThomas@huntsvilletx.gov>, City Council E-Mail <council@huntsvilletx.gov>, Janelle Valera
<JValera@huntsvilletx.gov>, Liesa Hackett <LHackett@huntsvilletx.gov>, ksamnews@yahoo.com, LEEAN MUNS
<klm022@shsu.edu>, news@kbtx.com, jpriest@houstonianonline.com, thekatshsu@gmail.com, news@kpft.org,
news@kstarcountry.com, julie.mcparland@news92.com, Rita Haldeman <rhaldeman@itemonline.com>,
sherryingram@kstarcountry.com, publisher@madisonvillemeteor.com, news@kagstv.com,
aroberts@co.walker.tx.us, mleblanc@kagstv.com, ens006@shsu.edu, Stephen Green
<sgreen@houstonianonline.com>, brandons@itemonline.com, news@abc40.com, Sam Beard
<greenman3@mac.com>, Lisa Trow <huntsvilleitem@gmail.com>, cstark@itemonline.com, SCOTT ENGLE
<scottjengle@aol.com>, solomon_laura@ymail.com, twaddill@itemonline.com, citysecretary intern
<citysecintern@huntsvilletx.gov>, Ken Petty <ken@publicnewsonline.com>, Information Technology E-Mail
<it@huntsvilletx.gov>
FOR IMMEDIATE RELEASE -
SHSU - Slide on Channel 7, please
Sincerely,
Kristin Edwards, TRMC
Deputy City Secretary
City of Huntsville, TX
(936) 291-5413
The City of Huntsville received an official notice from Fitch Ratings this week affirming its "AA" investment grade
rating —a high quality indicator only two grades below the highest possible rate.
According to the document, the City's rating outlook is considered "Stable," a designation based on several key
rating drivers including a strong financial profile, economic indicators and sales tax trends.
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6/13/2014 City of Huntsville,Texas Mail-City receives"AX investment grade from Fitch Ratings-press release
"The affirmation we received from Fitch Ratings is very positive," Director of Finance Steve Ritter said. "The report
acknowledges our `strong financial management practices, including maintenance of high reserve levels,' stable
employment growth, and a commendable financial profile with positive operating margins and ample liquidity."
Ritter said the City also expects to receive an updated rating notification from Standard and Poor's in the coming
weeks.
"I am very proud the City continues to maintain its high rating," Mayor Mac Woodward said. "This is a reflection of
the City's sound financial management and the strength of the local economy. I want to thank everyone at the
city for their hard work and dedication in managing the peoples' money and providing the quality services the
people deserve. I also want to thank the citizens of Huntsville for their support and efforts to make Huntsville a
great community."
For more information, visit the City of Huntsville Web site at www.hunts\illetx.gov.
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