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FPUA Receives A+ Rating from Fitch Ratings

FPUA is proud to announce that on May 14, 2021, Fitch Ratings has affirmed the ‘A+’ rating on the following FPUA bonds:

–$17.3 million utilities capital appreciation bonds, series 1999B;

–$29.7 million utilities revenue refunding bonds, series 2009.

Additionally, Fitch has assessed FPUA’s standalone credit profile (SCP) at ‘a+’. The SCP represents the credit profile of the utility on a stand-alone bases irrespective of its relationship with and the credit quality of, the city of Fort Pierce, FL. The Rating Outlook is stable.

Read full release here.