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San Antonio’s credit worthiness to be evaluated after charter amendment vote

November 15, 2018

Fitch Ratings, one of the three major agencies that determine the credit ratings, said it plans to re-evaluate San Antonio’s profile after the approval of two of three proposed charter amendments.

“Any time expenditure flexibility is materially affected, which we believe Proposition C does, we will assess those changes and their impact to the city’s credit quality,” said Jose Acosta, a senior director for Fitch.

RELATED: Propositions A, B and C explained

City Manager Sheryl Sculley said she expects to discuss the “overall revenue and expense picture” of San Antonio and the effect of the Nov. 6 vote with Fitch in a pre-scheduled meeting next month.

“We will do everything in our power to address their concerns and maintain our AAA rating,” she said.

Read more on this story on ExpressNews.com.

Josh Baugh is a staff writer in the San Antonio and Bexar County area. Read him on our free site, mySA.com, and on our subscriber site, ExpressNews.com. | jbaugh@express-news.net | Twitter: @jbaugh

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