16Jun
By: Joshua Timothy On: June 16, 2020 In: Latest News Comments: 0

In May, Fitch Rating Agency performed an analytical review or surveillance of South Jordan City’s finances.  The purpose of this surveillance is to gauge the financial performance and strength of the City specifically related to: 1) Revenue stability, 2) Spending habits and control, and 3) Ability to pay its debt.   Fitch affirmed South Jordan’s ‘AAA’ Sales Tax Bond ratings, the highest possible ratings, noting the City’s diversified sales tax base, strong management and control of expenditures, and solid reserves.  All these combined, positions the City to maintain its high level of flexibility amidst COVID-19 economic uncertainties.

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