By: Diane Benjamin
Fitch hasn’t changed Bloomington’s credit rating from AA+, but you need to understand why. See the story here: http://finance.yahoo.com/news/fitch-affirms-bloomington-ils-gos-182900665.html
They seem to have miss the local RISING unemployment rate, even though the story does mention Mitsubishi closing.
The article has much more information. I’m sure Mayor Renner will tout his great management. Understand that Fitch is giving Bloomington this rating because of Home Rule and the City’s ability to tax you to death. (Just like we’ve already seen)