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The Fibrant Autopsy Part III: Salisbury’s Shaky Bond Rating Due to Fibrant and Salisbury’s Fibrant Created High Taxes

April 16, 2018

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Todd Paris,  RFP Contributor and Salisbury Attorney ♦ Salisbury’s Bond rating, which affects the interest we have to pay on borrowed money, took a big hit in 2014 due to the Fibrant debt and risk involved. We were downgraded to A3 from Aa3 on the city’s combined enterprise system revenue bonds. https://rowanfreepress.com/2014/05/15/fibrants-moodys-low-bond-rating-well-deserved-fibrant-rocked-salisburys-limited-future/ https://rowanfreepress.com/2016/09/01/fitch-ratings-reports-salisburys-water-and-sewer-bond-ratings-remain-stable-only-if-salisbury-rowan-utilities-doesnt-support-fibrant/ https://rowanfreepress.com/2014/10/22/fitch-ratings-downgrades-salisbury-n-c-s-bond-rating-due-to-fibrant/ These ratings […]