19 JunSpotsylvania’s bond rating is upgraded

Spotsylvania County announced today that Fitch Ratings upgraded its bond rating from AA to AA-plus.

The county maintained its strong bond ratings with the two other major crediting rating agencies, Moody’s and Standard & Poor’s.

According to a county press release, Fitch wrote: “The upgrade reflects the county’s strong and improving financial position as well as its increasing diversification of  a stable economy.”

Spotsylvania Supervisor Paul Trampe said in a statement that it’s “especially gratifying that Fitch recognized the increasing diversity of our economy.”

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