Fitch Upgrades Wilson, NC’s IDR to ‘AA+’ on Criteria Change; Outlook Stable

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has upgraded the following Wilson, NC ratings: –Issuer Default Rating (IDR) to ‘AA+’ from ‘AA’; –$7.3 million general obligation (GO) bonds, series 2009 to ‘AA+’ from ‘AA’. The Rating Outlook is Stable. SECURITY The bonds are general obligations of the city for the payment of which the city’s full faith and credit and unlimited taxing power are irrevocably pledged. KEY RATING DRIVERS The upgrade reflects application of Fitch’s revised criteria for U.S.