Pickerington Area Taxpayers Alliance

According to Fix

Posted in: PATA
Listen, Listen, Where, Where?

Clearly a strong city in terms of its financial health are very important to everyone in the community. Three years after Mr. Fix and Mr. Harding wrote the newsletter the city applied for and received a Moody's bond rating of A2. The current council (before Fix) worked with the city manager and that bond rating was moved up to an A1. This was all down without an agreement with the township. It was done without the simplistic solutions offered by Mr. Fix in 2001 and now in 2006. It appears to me that the current City Manager knows her stuff when it come to guiding the city and taking care of the financial health of the City. When the Manager says she doesn't think it is a good idea to give up our rights to annex then I think we need to at least listen. If we want to move in another direction we need make sure we can justify our reasoning with facts, not opinion with no facts or experience
Bond Ratings

Moody's
Aaa Prime. Maximum Safety


Aa1 High Grade High Quality
Aa2
Aa3


A1 Upper Medium Grade
A2
A3

Baa1 Lower Medium Grade

Baa2
Baa3


Ba1 Non Investment Grade


Ba2 Speculative
Ba3

B1 Highly Speculative

B2
B3


Caa1 Substantial Risk


Caa2 In Poor Standing
Caa3


Ca - - Extremely Speculative

C - - May be in Default

Default



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