News List

Press Enter to show all options, press Tab go to next option

Fitch upgrades PCB's water and sewer bond rating to AA+

Post Date:06/26/2020 2:00 PM

The City of Panama City Beach received notice last week that the City’s rating on the approximately $14.3 million utility revenue refunding bonds series 2012 has been upgraded from AA to AA+. This is one grade below a AAA rating, the highest attainable rating.

In addition, Fitch has assessed the city's water and sewer system standalone credit profile (SCP) at 'aa+'. The Rating Outlook is Stable. The rating upgrade translates into lower interest rates on future utility revenue bonds, which will result in long-term debt service savings.

“This speaks well of the processes and controls put in place by both the Utility and the Finance departments,” said Vice Mayor and Ward 3 Councilman Geoff McConnell. “We are proud of this accomplishment.”

 Public Information Officer Debbie Ward can be reached at (850) 233-5100, Ext. 2261, or


Return to full list >>

Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Acrobat Reader Download Acrobat Reader Flash Player Download Flash Player Windows Media Player Download Windows Media Player Microsoft Silverlight Download Microsoft Silverlight Word Viewer Download Word Viewer Excel Viewer Download Excel Viewer PowerPoint Viewer Download PowerPoint Viewer