Fitch upgrades city’s outlook

Published 9:16 pm Monday, July 21, 2014

Fitch Ratings, one of the three agencies that evaluate government bonds, has upgraded its rating outlook for Suffolk from stable to positive.

The city’s rating from Fitch remains AA+ for the $102.9 million general obligation and refunding bonds the city will sell near the end of this month.

Fitch noted rating drivers including fiscal discipline, good debt management and a strong regional employment base, according to a news release from the city.

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Look for a full story on the credit ratings later this week, after the other two rating agencies — Standard and Poor’s and Moody’s — release their evaluations of the city’s debt.