Standard & Poor’s last week raised its ratings on $50 million of Fayetteville’s general obligation debt to AA from A-plus due to the city’s strong general fund reserves and conservative fiscal management.

The city issued the debt, supported by a dedicated 1% portion of its sales tax, in November 2006.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.